Dynamic Technology Lab Private Ltd Makes New $641,000 Investment in United Parks & Resorts Inc. (NYSE:PRKS)

Dynamic Technology Lab Private Ltd bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 12,662 shares of the company's stock, valued at approximately $641,000.

Several other hedge funds have also recently bought and sold shares of the company. Hexagon Capital Partners LLC bought a new position in United Parks & Resorts in the 3rd quarter valued at about $25,000. Exchange Traded Concepts LLC bought a new position in United Parks & Resorts in the 3rd quarter valued at about $28,000. Blue Trust Inc. bought a new stake in shares of United Parks & Resorts during the 3rd quarter valued at approximately $30,000. KBC Group NV bought a new stake in shares of United Parks & Resorts during the 3rd quarter valued at approximately $54,000. Finally, Amalgamated Bank bought a new stake in shares of United Parks & Resorts during the 3rd quarter valued at approximately $65,000.

United Parks & Resorts Price Performance

Shares of United Parks & Resorts stock traded up $0.57 during trading on Friday, reaching $58.64. 448,043 shares of the company traded hands, compared to its average volume of 887,367. United Parks & Resorts Inc. has a 1-year low of $44.72 and a 1-year high of $60.36. The company has a 50 day moving average price of $53.61 and a 200-day moving average price of $52.35. The firm has a market capitalization of $3.23 billion, a PE ratio of 14.70 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The company 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 firm's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. Equities research analysts expect that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Insider Activity at United Parks & Resorts

In other news, Director Yoshikazu Maruyama sold 12,984 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the completion of the sale, the director now owns 41,766 shares in the company, valued at $2,091,223.62. This represents a 23.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the sale, the insider now owns 85,463 shares of the company's stock, valued at approximately $4,524,411.22. This represents a 21.81 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, September 18th. Macquarie reduced their target price 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. Truist Financial boosted their target price on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their target price on shares of 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, Stifel Nicolaus reduced their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, United Parks & Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $62.60.

United Parks & Resorts Company 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.