Charles Schwab Investment Management Inc. Purchases New Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Charles Schwab Investment Management Inc. 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 412,999 shares of the company's stock, valued at approximately $20,898,000. Charles Schwab Investment Management Inc. owned approximately 0.71% of United Parks & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Hexagon Capital Partners LLC purchased a new stake in United Parks & Resorts in the 3rd quarter worth approximately $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter valued at about $28,000. Blue Trust Inc. acquired a new stake in shares of United Parks & Resorts during the 3rd quarter valued at about $30,000. KBC Group NV bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $54,000. Finally, Amalgamated Bank acquired a new position in United Parks & Resorts in the third quarter worth approximately $65,000.

United Parks & Resorts Stock Up 0.2 %

United Parks & Resorts stock traded up $0.11 on Friday, hitting $59.82. The company's stock had a trading volume of 439,165 shares, compared to its average volume of 763,877. The company has a fifty day moving average price of $54.47 and a 200-day moving average price of $52.59. The firm has a market cap of $3.29 billion, a P/E ratio of 14.99 and a beta of 2.00. 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 posted its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (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 during the quarter, compared to analyst estimates of $550.47 million. During the same period last year, the company earned $1.92 EPS. The business's revenue for the quarter was down .4% on a year-over-year basis. Analysts anticipate that United Parks & Resorts Inc. will post 3.97 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Citigroup lifted their target price on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, September 18th. Guggenheim decreased their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. JPMorgan Chase & Co. cut 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. Mizuho reaffirmed an "underperform" rating and issued a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Finally, Truist Financial increased their price objective 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 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $62.60.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts 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 acquired at an average cost of $57.29 per share, for a total transaction of $1,947,860.00. Following the transaction, the insider now directly owns 76,267 shares in the company, valued at approximately $4,369,336.43. The trade was a 80.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is 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.