Geode Capital Management LLC Takes Position in United Parks & Resorts Inc. (NYSE:PRKS)

Geode Capital Management LLC acquired a new position in United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 740,430 shares of the company’s stock, valued at approximately $37,472,000. Geode Capital Management LLC owned about 1.35% of United Parks & Resorts at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. ABS Direct Equity Fund LLC bought a new position in shares of United Parks & Resorts in the 3rd quarter worth $3,542,000. Barclays PLC bought a new stake in shares of United Parks & Resorts during the 3rd quarter worth $18,222,000. Public Employees Retirement System of Ohio purchased a new position in United Parks & Resorts in the third quarter worth $32,000. Y Intercept Hong Kong Ltd bought a new position in United Parks & Resorts in the third quarter valued at $212,000. Finally, XTX Topco Ltd purchased a new stake in United Parks & Resorts during the third quarter valued at about $715,000.

United Parks & Resorts Trading Up 0.7 %

PRKS stock opened at $54.50 on Wednesday. The firm’s 50-day moving average price is $55.78 and its two-hundred day moving average price is $52.95. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 13.66 and a beta of 2.00. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.83.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on PRKS. Mizuho reiterated an “underperform” rating and issued a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. B. Riley reiterated a “buy” rating and set a $71.00 price target on shares of United Parks & Resorts in a research report on Monday, October 7th. JPMorgan Chase & Co. lowered their price objective on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Truist Financial upped their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Guggenheim decreased 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 research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock 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 bought 34,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $57.29 per share, with a total value of $1,947,860.00. Following the transaction, the insider now owns 76,267 shares of the company’s stock, valued at approximately $4,369,336.43. The trade was a 80.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the sale, the insider now owns 132,439 shares in the company, valued at $7,366,257.18. This 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 insiders.

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.