Intech Investment Management LLC acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,626 shares of the company’s stock, valued at approximately $487,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hexagon Capital Partners LLC acquired a new position in United Parks & Resorts during the third quarter valued at approximately $25,000. Exchange Traded Concepts LLC acquired a new stake in United Parks & Resorts in the third quarter valued at $28,000. Blue Trust Inc. bought a new position in shares of United Parks & Resorts during the 3rd quarter worth approximately $30,000. KBC Group NV bought a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $54,000. Finally, Amalgamated Bank acquired a new stake in United Parks & Resorts during the 3rd quarter worth approximately $65,000.
Analysts Set New Price Targets
Several research firms recently weighed in on PRKS. Macquarie cut their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Guggenheim decreased their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. B. Riley reaffirmed a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. JPMorgan Chase & Co. lowered their target price on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, United Parks & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.
Insider Activity
In other news, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction that occurred 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 transaction, the director now owns 41,766 shares of the company’s stock, valued at $2,091,223.62. The trade was a 23.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Mikolaichik acquired 34,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the transaction, the insider now directly owns 76,267 shares in the company, valued at $4,369,336.43. The trade was a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.
United Parks & Resorts Trading Up 1.0 %
Shares of PRKS stock opened at $58.64 on Monday. The company has a 50 day simple moving average of $53.61 and a two-hundred day simple moving average of $52.33. The stock has a market cap of $3.23 billion, a P/E ratio of 14.70 and a beta of 2.00. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.36.
United Parks & Resorts (NYSE:PRKS – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The company had revenue of $545.90 million during the quarter, compared to the consensus estimate of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 earnings per share. As a group, equities analysts forecast that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.
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.
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