Centiva Capital LP Purchases Shares of 9,341 United Parks & Resorts Inc. (NYSE:PRKS)

Centiva Capital LP purchased a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,341 shares of the company's stock, valued at approximately $473,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Simcoe Capital Management LLC purchased a new position in shares of United Parks & Resorts in the third quarter worth approximately $110,983,000. Paloma Partners Management Co purchased a new position in shares of United Parks & Resorts in the third quarter worth approximately $295,000. PDT Partners LLC purchased a new position in shares of United Parks & Resorts in the third quarter worth approximately $1,046,000. Verition Fund Management LLC purchased a new position in United Parks & Resorts during the third quarter valued at approximately $495,000. Finally, Goldentree Asset Management LP purchased a new position in United Parks & Resorts during the third quarter valued at approximately $71,882,000.

Analyst Ratings Changes

PRKS has been the topic of a number of research analyst reports. Citigroup boosted their price objective 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 boosted their price objective 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. Guggenheim lowered their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Macquarie lowered 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 research report on Friday, October 18th. Finally, Mizuho reaffirmed an "underperform" rating and set a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a research report 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 company's stock. According to MarketBeat, United Parks & Resorts presently has a consensus rating of "Moderate Buy" and an average price target of $62.60.

Insider Transactions at United Parks & Resorts

In related news, insider James Mikolaichik bought 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, 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 $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

United Parks & Resorts Trading Down 4.5 %

NYSE PRKS traded down $2.68 during trading on Monday, reaching $57.14. The company's stock had a trading volume of 825,397 shares, compared to its average volume of 881,750. The stock has a market capitalization of $3.14 billion, a PE ratio of 14.32 and a beta of 2.00. The business has a 50-day moving average price of $54.60 and a 200-day moving average price of $52.66. United Parks & Resorts Inc. has a 1-year low of $44.72 and a 1-year high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $545.90 million during the quarter, compared to analyst estimates of $550.47 million. During the same quarter in the previous year, the firm posted $1.92 earnings per share. United Parks & Resorts's quarterly revenue was down .4% compared to the same quarter last year. As a group, analysts expect that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

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.