BNP Paribas Financial Markets Makes New $2.85 Million Investment in United Parks & Resorts Inc. (NYSE:PRKS)

BNP Paribas Financial Markets acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 56,306 shares of the company's stock, valued at approximately $2,849,000. BNP Paribas Financial Markets owned 0.10% of United Parks & Resorts at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. River Road Asset Management LLC bought a new position in United Parks & Resorts during the 3rd quarter valued at $66,841,000. Pinnacle Associates Ltd. acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of United Parks & Resorts during the third quarter worth about $27,850,000. Eagle Asset Management Inc. acquired a new position in United Parks & Resorts in the third quarter worth about $21,959,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in United Parks & Resorts in the third quarter valued at about $20,898,000.

United Parks & Resorts Stock Up 0.2 %

NYSE PRKS traded up $0.11 during trading on Friday, hitting $59.82. The company's stock had a trading volume of 437,977 shares, compared to its average volume of 881,989. United Parks & Resorts Inc. has a 52 week low of $44.72 and a 52 week high of $60.83. The firm has a market cap of $3.29 billion, a P/E ratio of 14.99 and a beta of 2.00. The firm has a 50 day moving average price of $54.47 and a 200 day moving average price of $52.59.

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 for the quarter, missing the consensus estimate of $2.23 by ($0.15). The firm had revenue of $545.90 million for 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%. United Parks & Resorts's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 EPS. On average, equities analysts expect that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Macquarie reduced their price objective on United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered their price target on shares of United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, September 16th. Stifel Nicolaus cut their price objective on shares of 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. B. Riley restated a "buy" rating and issued a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. Finally, Truist Financial lifted 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $62.60.

Insider Buying and Selling at United Parks & Resorts

In other news, insider James Mikolaichik purchased 34,000 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the acquisition, the insider now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

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.