Captrust Financial Advisors Invests $478,000 in United Parks & Resorts Inc. (NYSE:PRKS)

Captrust Financial Advisors purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 9,439 shares of the company's stock, valued at approximately $478,000.

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

Wall Street Analysts Forecast Growth

PRKS has been the topic of a number of research analyst reports. Macquarie dropped their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday, October 18th. Guggenheim cut their price target on United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price objective on United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating for the company in a report on Monday, September 16th. Mizuho restated an "underperform" rating and issued a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Finally, Citigroup raised their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, United Parks & Resorts has an average rating of "Moderate Buy" and a consensus price target of $62.60.

United Parks & Resorts Price Performance

PRKS stock traded up $0.15 during midday trading on Friday, reaching $55.85. 458,495 shares of the company were exchanged, compared to its average volume of 873,619. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 14.00 and a beta of 2.00. The business has a 50-day moving average price of $55.10 and a two-hundred day moving average price of $52.79. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The company had revenue of $545.90 million during the quarter, compared to analyst estimates of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The firm's quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company posted $1.92 EPS. As a group, analysts anticipate that United Parks & Resorts Inc. will post 3.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider James Mikolaichik purchased 34,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

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.