Deroy & Devereaux Private Investment Counsel Inc. Raises Stake in United Parks & Resorts Inc. (NYSE:PRKS)

Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 555,309 shares of the company's stock after purchasing an additional 4,919 shares during the quarter. United Parks & Resorts makes up 1.8% of Deroy & Devereaux Private Investment Counsel Inc.'s portfolio, making the stock its 16th biggest holding. Deroy & Devereaux Private Investment Counsel Inc. owned 1.01% of United Parks & Resorts worth $31,203,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Hill Path Capital LP purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth about $1,376,588,000. Simcoe Capital Management LLC acquired a new stake in United Parks & Resorts during the 3rd quarter worth approximately $110,983,000. Goldentree Asset Management LP purchased a new position in United Parks & Resorts in the third quarter valued at approximately $71,882,000. River Road Asset Management LLC acquired a new position in United Parks & Resorts during the third quarter valued at approximately $66,841,000. Finally, HG Vora Capital Management LLC acquired a new position in United Parks & Resorts during the third quarter valued at approximately $65,780,000.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS traded down $0.32 during trading on Wednesday, reaching $52.49. The company had a trading volume of 98,825 shares, compared to its average volume of 854,571. The business's 50 day moving average price is $55.49 and its 200-day moving average price is $53.13. United Parks & Resorts Inc. has a 52 week low of $44.72 and a 52 week high of $60.83. The stock has a market cap of $2.89 billion, a PE ratio of 13.17 and a beta of 1.99.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued 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). The firm had revenue of $545.90 million for 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 company's revenue was down .4% compared to the same quarter last year. During the same period last year, the company earned $1.92 EPS. Equities analysts anticipate that United Parks & Resorts Inc. will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Macquarie lowered their price target on United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Friday, October 18th. Truist Financial boosted their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 8th. Guggenheim lowered their target price on United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Finally, Mizuho restated an "underperform" rating and set a $43.00 price objective (down previously from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, United Parks & Resorts currently has an average rating of "Moderate Buy" and an average target price of $62.60.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Mikolaichik purchased 34,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the purchase, the insider now directly owns 76,267 shares of the company's stock, valued at $4,369,336.43. This represents a 80.44 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.