Fmr LLC Invests $378,000 in United Parks & Resorts Inc. (NYSE:PRKS)

Fmr LLC acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,479 shares of the company’s stock, valued at approximately $378,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eagle Asset Management Inc. bought a new stake in shares of United Parks & Resorts during the third quarter valued at approximately $21,959,000. Quest Partners LLC acquired a new stake in United Parks & Resorts in the 3rd quarter valued at approximately $448,000. Quantbot Technologies LP bought a new stake in United Parks & Resorts during the 3rd quarter valued at $3,548,000. River Road Asset Management LLC bought a new stake in United Parks & Resorts during the 3rd quarter valued at $66,841,000. Finally, Pathstone Holdings LLC acquired a new position in United Parks & Resorts during the 3rd quarter worth $1,498,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Mizuho reissued an “underperform” rating and set a $43.00 price target (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. Citigroup raised their target price on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. Macquarie reduced their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. B. Riley reiterated a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a research note on Monday, October 7th. Finally, Guggenheim dropped their target price on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

Insider Buying and Selling

In other news, insider James Mikolaichik acquired 34,000 shares of United Parks & Resorts stock in a transaction 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 purchase, the insider now owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the completion of the transaction, the insider now directly owns 132,439 shares in the company, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $53.62 on Friday. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 13.44 and a beta of 2.00. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.83. The firm’s 50 day moving average price is $55.64 and its two-hundred day moving average price is $52.93.

United Parks & Resorts (NYSE:PRKS) last issued its 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 analyst estimates of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.92 earnings per share. As a group, equities analysts predict that United Parks & Resorts Inc. will post 3.97 EPS for the current fiscal year.

About United Parks & Resorts

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.