Entropy Technologies LP Buys Shares of 16,443 United Parks & Resorts Inc. (NYSE:PRKS)

Entropy Technologies LP purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,443 shares of the company's stock, valued at approximately $832,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Hexagon Capital Partners LLC purchased a new position in United Parks & Resorts during the third quarter worth about $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $28,000. Blue Trust Inc. purchased a new stake in shares of United Parks & Resorts during the 3rd quarter valued at approximately $30,000. Amalgamated Bank acquired a new position in United Parks & Resorts in the third quarter valued at approximately $65,000. Finally, Nisa Investment Advisors LLC purchased a new position in United Parks & Resorts in the third quarter worth approximately $99,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup raised their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. B. Riley reaffirmed a "buy" rating and set a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. 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 research report on Monday, September 16th. Finally, Guggenheim decreased their price target on United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday. 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.60.

Insider Activity at United Parks & Resorts

In other news, insider Jayson Maxwell sold 545 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the sale, the insider now directly owns 722 shares of the company's stock, valued at approximately $35,695.68. This represents a 43.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Yoshikazu Maruyama sold 12,984 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total value of $650,108.88. Following the transaction, the director now directly owns 41,766 shares in the company, valued at approximately $2,091,223.62. This represents a 23.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,366 shares of company stock valued at $1,938,984 in the last three months. 1.10% of the stock is currently owned by company insiders.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS traded down $1.70 during trading hours on Friday, reaching $57.05. The stock had a trading volume of 534,910 shares, compared to its average volume of 894,752. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.36. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 14.30 and a beta of 2.00. The firm's 50 day moving average is $52.29 and its 200-day moving average is $51.89.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.15). The business had revenue of $545.90 million for the quarter, compared to analyst estimates 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 period last year, the business posted $1.92 EPS. Analysts forecast that United Parks & Resorts Inc. will post 3.97 EPS 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.