KBC Group NV Takes $54,000 Position in United Parks & Resorts Inc. (NYSE:PRKS)

KBC Group NV acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,060 shares of the company’s stock, valued at approximately $54,000.

A number of other hedge funds have also modified their holdings of the company. River Road Asset Management LLC acquired a new position in United Parks & Resorts during the 3rd quarter worth approximately $66,841,000. Perpetual Ltd acquired a new position in United Parks & Resorts during the third quarter worth $16,862,000. SG Americas Securities LLC bought a new position in United Parks & Resorts in the third quarter valued at $739,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in United Parks & Resorts in the 3rd quarter valued at $27,850,000. Finally, Inspire Investing LLC bought a new stake in United Parks & Resorts during the 3rd quarter worth about $411,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PRKS. B. Riley restated a “buy” rating and issued a $71.00 price objective on shares of United Parks & Resorts in a report on Monday, October 7th. Truist Financial boosted their price target on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group cut United Parks & Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $63.00 to $53.00 in a research note on Thursday, August 8th. Guggenheim lowered their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, United Parks & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

United Parks & Resorts Stock Performance

Shares of PRKS opened at $56.81 on Friday. The firm has a market cap of $3.12 billion, a P/E ratio of 14.24 and a beta of 2.00. United Parks & Resorts Inc. has a 52 week low of $44.72 and a 52 week high of $60.36. The firm’s 50-day simple moving average is $53.02 and its 200 day simple moving average is $52.17.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). The firm had revenue of $545.90 million during the quarter, compared to analyst estimates of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. United Parks & Resorts’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.92 EPS. As a group, equities analysts forecast that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 directly owns 722 shares in the company, valued at approximately $35,695.68. The trade was a 43.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Yoshikazu Maruyama sold 12,984 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the sale, the director now owns 41,766 shares of the company’s stock, valued at approximately $2,091,223.62. The trade was a 23.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,366 shares of company stock worth $1,938,984 in the last 90 days. Company insiders own 1.10% of the company’s stock.

United Parks & Resorts Company 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.