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Petrus Trust Company LTA Invests $598,000 in United Parks & Resorts Inc. (NYSE:PRKS)

United Parks & Resorts logo with Consumer Discretionary background

Petrus Trust Company LTA bought a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,826 shares of the company's stock, valued at approximately $598,000.

Other hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC bought a new position in shares of United Parks & Resorts during the third quarter valued at approximately $25,000. Exchange Traded Concepts LLC bought a new position in shares of United Parks & Resorts during the third quarter valued at approximately $28,000. Blue Trust Inc. bought a new position in shares of United Parks & Resorts during the third quarter valued at approximately $30,000. KBC Group NV bought a new position in shares of United Parks & Resorts during the third quarter valued at approximately $54,000. Finally, Amalgamated Bank purchased a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $65,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PRKS. Truist Financial boosted their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 8th. Stifel Nicolaus lowered their price target on United Parks & Resorts from $76.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, August 8th. B. Riley restated a "buy" rating and set a $71.00 target price on shares of United Parks & Resorts in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft lowered their target price on United Parks & Resorts from $76.00 to $74.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Mizuho restated an "underperform" rating and set a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, United Parks & Resorts currently has an average rating of "Moderate Buy" and an average price target of $62.60.

View Our Latest Stock Analysis on PRKS

United Parks & Resorts Stock Up 0.6 %

Shares of PRKS stock traded up $0.33 during mid-day trading on Thursday, hitting $59.71. 443,702 shares of the stock were exchanged, compared to its average volume of 883,874. The firm has a fifty day moving average of $54.29 and a 200 day moving average of $52.54. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.83. The company has a market cap of $3.28 billion, a PE ratio of 14.96 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) 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 firm had revenue of $545.90 million for the quarter, compared to analysts' expectations of $550.47 million. During the same period in the previous year, the company earned $1.92 earnings per share. The company's 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.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider James Mikolaichik bought 34,000 shares of the firm's stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the purchase, the insider now directly owns 76,267 shares of the company's stock, valued at $4,369,336.43. This trade represents a 80.44 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

United Parks & Resorts Company Profile

(Free Report)

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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Institutional Ownership by Quarter for United Parks & Resorts (NYSE:PRKS)

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