Exchange Traded Concepts LLC Makes New $28,000 Investment in United Parks & Resorts Inc. (NYSE:PRKS)

Exchange Traded Concepts LLC bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 557 shares of the company’s stock, valued at approximately $28,000.

A number of other large investors also recently made changes to their positions in the company. Inspire Investing LLC acquired a new position in United Parks & Resorts in the 3rd quarter valued at $411,000. Perpetual Ltd bought a new stake in shares of United Parks & Resorts in the third quarter valued at about $16,862,000. Hexagon Capital Partners LLC acquired a new position in shares of United Parks & Resorts in the third quarter valued at about $25,000. Handelsbanken Fonder AB bought a new position in United Parks & Resorts during the third quarter worth about $390,000. Finally, SG Americas Securities LLC acquired a new stake in United Parks & Resorts in the 3rd quarter worth about $739,000.

Insiders Place Their Bets

In other news, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total transaction of $26,944.80. Following the sale, the insider now directly owns 722 shares of the company’s stock, valued at approximately $35,695.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider George Anthony Taylor sold 23,837 shares of the company’s 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 $4,524,411.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jayson Maxwell sold 545 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,366 shares of company stock valued at $1,938,984 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

United Parks & Resorts Trading Down 1.1 %

Shares of NYSE PRKS opened at $52.24 on Thursday. The stock has a 50-day moving average price of $50.56 and a two-hundred day moving average price of $51.70. United Parks & Resorts Inc. has a 12 month low of $40.87 and a 12 month high of $60.36. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 13.64 and a beta of 2.01.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.08). The company had revenue of $497.60 million during the quarter, compared to the consensus estimate of $503.93 million. United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. United Parks & Resorts’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the company earned $1.35 EPS. On average, sell-side analysts predict that United Parks & Resorts Inc. will post 4.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PRKS shares. B. Riley restated a “buy” rating and set a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. The Goldman Sachs Group lowered United Parks & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $63.00 to $53.00 in a research note on Thursday, August 8th. Stifel Nicolaus cut their target price 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. JPMorgan Chase & Co. reduced their target price on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. 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 note on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, United Parks & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

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.