Intech Investment Management LLC purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,626 shares of the company's stock, valued at approximately $487,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. River Road Asset Management LLC bought a new position in United Parks & Resorts during the third quarter worth about $66,841,000. Pinnacle Associates Ltd. bought a new position in United Parks & Resorts during the third quarter worth about $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in United Parks & Resorts during the third quarter worth about $27,850,000. Perpetual Ltd bought a new position in United Parks & Resorts during the third quarter worth about $16,862,000. Finally, Raymond James & Associates bought a new stake in shares of United Parks & Resorts during the third quarter worth approximately $4,487,000.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on PRKS shares. B. Riley restated a "buy" rating and set a $71.00 price objective on shares of United Parks & Resorts in a report on Monday, October 7th. Macquarie dropped their price target on shares of 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. Citigroup lifted their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, September 18th. Truist Financial lifted their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Stifel Nicolaus dropped their price target on shares of 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $62.60.
Get Our Latest Analysis on United Parks & Resorts
United Parks & Resorts Price Performance
NYSE:PRKS traded up $1.65 during trading hours on Monday, hitting $60.29. The stock had a trading volume of 1,212,633 shares, compared to its average volume of 889,319. The company has a 50 day simple moving average of $53.79 and a two-hundred day simple moving average of $52.39. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.83. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 15.11 and a beta of 2.00.
United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted 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 company had revenue of $545.90 million for the quarter, compared to analysts' expectations of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 EPS. Equities research analysts anticipate that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total transaction of $650,108.88. Following the sale, the director now owns 41,766 shares of the company's stock, valued at approximately $2,091,223.62. The trade was a 23.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James Mikolaichik bought 34,000 shares of the business's stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $57.29 per share, for a total transaction of $1,947,860.00. Following the purchase, the insider now directly owns 76,267 shares in the company, valued at approximately $4,369,336.43. This represents a 80.44 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.
United Parks & Resorts Profile
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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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