Raymond James & Associates Purchases Shares of 88,678 United Parks & Resorts Inc. (NYSE:PRKS)

Raymond James & Associates purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 88,678 shares of the company’s stock, valued at approximately $4,487,000. Raymond James & Associates owned 0.15% of United Parks & Resorts as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Perpetual Ltd bought a new stake in United Parks & Resorts during the third quarter valued at about $16,862,000. SG Americas Securities LLC purchased a new position in shares of United Parks & Resorts during the third quarter valued at about $739,000. Inspire Investing LLC purchased a new position in shares of United Parks & Resorts during the third quarter valued at about $411,000. Handelsbanken Fonder AB purchased a new position in shares of United Parks & Resorts during the third quarter valued at about $390,000. Finally, nVerses Capital LLC purchased a new position in shares of United Parks & Resorts during the third quarter valued at about $304,000.

Insider Transactions at United Parks & Resorts

In other news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the sale, the insider now directly owns 85,463 shares in the company, valued at approximately $4,524,411.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the sale, the insider now directly owns 85,463 shares in the company, valued at approximately $4,524,411.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jayson Maxwell sold 545 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the sale, the insider now owns 722 shares in the company, valued at approximately $35,695.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,366 shares of company stock worth $1,938,984. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PRKS shares. B. Riley restated a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft cut their price objective on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus cut their price objective on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group lowered United Parks & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. Finally, Truist Financial dropped their price target on United Parks & Resorts from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Parks & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $62.70.

United Parks & Resorts Trading Down 0.1 %

PRKS opened at $52.57 on Friday. The firm has a market cap of $3.05 billion, a P/E ratio of 13.73 and a beta of 2.00. United Parks & Resorts Inc. has a 12 month low of $42.77 and a 12 month high of $60.36. The stock has a 50-day moving average of $51.21 and a 200 day moving average of $51.62.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.08). United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The business had revenue of $497.60 million for the quarter, compared to analysts’ expectations of $503.93 million. During the same quarter last year, the firm earned $1.35 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. On average, research analysts forecast that United Parks & Resorts Inc. will post 4.23 earnings per share for the current fiscal year.

United Parks & Resorts Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.