Barclays PLC Takes Position in United Parks & Resorts Inc. (NYSE:PRKS)

Barclays PLC acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 360,045 shares of the company's stock, valued at approximately $18,222,000. Barclays PLC owned approximately 0.65% of United Parks & Resorts as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eagle Asset Management Inc. acquired a new stake in United Parks & Resorts in the 3rd quarter valued at $21,959,000. Hill Path Capital LP bought a new position in shares of United Parks & Resorts during the third quarter valued at $1,376,588,000. Quest Partners LLC acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $448,000. Goldentree Asset Management LP bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $71,882,000. Finally, Simcoe Capital Management LLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $110,983,000.

Insider Buying and Selling at United Parks & Resorts

In related news, insider James Mikolaichik bought 34,000 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $57.29 per share, for a total transaction of $1,947,860.00. Following the transaction, the insider now owns 76,267 shares of the company's stock, valued at $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PRKS. Macquarie reduced their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating on the stock in a research report on Friday, October 18th. Truist Financial increased their price target on United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. B. Riley reiterated a "buy" rating and issued a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. JPMorgan Chase & Co. decreased their target price on United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. Finally, Mizuho restated an "underperform" rating and issued a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. One 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $62.60.

United Parks & Resorts Stock Up 0.3 %

PRKS stock traded up $0.15 during midday trading on Friday, reaching $55.85. The stock had a trading volume of 458,495 shares, compared to its average volume of 599,209. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 14.00 and a beta of 2.00. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83. The business has a fifty day simple moving average of $55.10 and a two-hundred day simple moving average of $52.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.08 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 business had revenue of $545.90 million for the quarter, compared to analyst estimates of $550.47 million. During the same quarter in the prior year, the firm earned $1.92 EPS. The firm's quarterly revenue was down .4% compared to the same quarter last year. On average, equities analysts predict that United Parks & Resorts Inc. will post 3.97 earnings per share for the current fiscal year.

United Parks & Resorts 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.