Eagle Asset Management Inc. Takes Position in United Parks & Resorts Inc. (NYSE:PRKS)

Eagle Asset 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 filing with the Securities & Exchange Commission. The fund purchased 433,973 shares of the company's stock, valued at approximately $21,959,000. Eagle Asset Management Inc. owned approximately 0.75% of United Parks & Resorts as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. River Road Asset Management LLC purchased a new position in United Parks & Resorts during the third quarter valued at $66,841,000. Pinnacle Associates Ltd. bought a new stake in United Parks & Resorts during the third quarter worth about $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in United Parks & Resorts in the third quarter worth about $27,850,000. Charles Schwab Investment Management Inc. bought a new position in shares of United Parks & Resorts during the third quarter valued at approximately $20,898,000. Finally, Perpetual Ltd purchased a new position in shares of United Parks & Resorts during the third quarter valued at approximately $16,862,000.

United Parks & Resorts Trading Down 0.1 %

NYSE PRKS traded down $0.03 on Friday, hitting $56.81. 583,377 shares of the company traded hands, compared to its average volume of 902,580. The business's 50 day moving average price is $53.02 and its 200-day moving average price is $52.17. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.36. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 14.24 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 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The firm had revenue of $545.90 million for the quarter, compared to the consensus estimate of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. United Parks & Resorts's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 EPS. As a group, sell-side analysts predict that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Insiders Place Their Bets

In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total value of $650,108.88. Following the sale, the director now owns 41,766 shares of the company's stock, valued at $2,091,223.62. The trade was a 23.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total value of $1,261,930.78. Following the transaction, the insider now owns 85,463 shares of the company's stock, valued at $4,524,411.22. This represents a 21.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,366 shares of company stock worth $1,938,984. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Mizuho restated an "underperform" rating and issued a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price target on United Parks & Resorts from $76.00 to $74.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Guggenheim dropped their price target on shares of United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Truist Financial raised 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 note on Friday, November 8th. Finally, Stifel Nicolaus reduced their price target on shares of United Parks & Resorts from $76.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, United Parks & Resorts currently has a consensus rating of "Moderate Buy" and an average target price of $62.60.

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.