Pathstone Holdings LLC Invests $1.50 Million in United Parks & Resorts Inc. (NYSE:PRKS)

Pathstone Holdings LLC bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,605 shares of the company's stock, valued at approximately $1,498,000. Pathstone Holdings LLC owned 0.05% of United Parks & Resorts as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PRKS. Quest Partners LLC purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $448,000. River Road Asset Management LLC purchased a new position in United Parks & Resorts during the third quarter worth about $66,841,000. Perpetual Ltd acquired a new position in United Parks & Resorts in the 3rd quarter valued at about $16,862,000. SG Americas Securities LLC purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $739,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $27,850,000.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock traded up $0.57 during trading hours on Friday, reaching $58.64. 448,043 shares of the company were exchanged, compared to its average volume of 887,367. The firm has a market cap of $3.23 billion, a PE ratio of 14.70 and a beta of 2.00. The stock's fifty day moving average is $53.48 and its 200 day moving average is $52.32. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.36.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its quarterly earnings data 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 net margin of 13.85% and a negative return on equity of 76.13%. The company had revenue of $545.90 million during the quarter, compared to analysts' expectations of $550.47 million. During the same quarter in the previous year, the business posted $1.92 EPS. The business's quarterly revenue was down .4% compared to the same quarter last year. Research analysts expect that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

PRKS has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their target price on United Parks & Resorts from $76.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Mizuho reaffirmed an "underperform" rating and issued a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. The Goldman Sachs Group downgraded shares of United Parks & Resorts from a "buy" rating to a "neutral" rating and reduced their price target for the company from $63.00 to $53.00 in a research note on Thursday, August 8th. Truist Financial increased their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. cut 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.60.

Insider Activity

In other news, insider James Mikolaichik bought 34,000 shares of United Parks & Resorts stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares of the company's stock, valued at approximately $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Yoshikazu Maruyama sold 12,984 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 in the company, valued at $2,091,223.62. This represents a 23.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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.