Holocene Advisors LP Makes New Investment in United Parks & Resorts Inc. (NYSE:PRKS)

Holocene Advisors LP purchased a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 123,926 shares of the company's stock, valued at approximately $6,271,000. Holocene Advisors LP owned about 0.23% of United Parks & Resorts at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Hexagon Capital Partners LLC purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at approximately $25,000. Exchange Traded Concepts LLC acquired a new position in United Parks & Resorts during the 3rd quarter valued at approximately $28,000. Blue Trust Inc. purchased a new position in shares of United Parks & Resorts in the third quarter worth $30,000. KBC Group NV acquired a new stake in shares of United Parks & Resorts during the third quarter worth $54,000. Finally, Amalgamated Bank purchased a new stake in shares of United Parks & Resorts during the third quarter valued at $65,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PRKS. B. Riley reaffirmed a "buy" rating and set a $71.00 price target on shares of United Parks & Resorts in a research report on Monday, October 7th. Mizuho reaffirmed an "underperform" rating and set a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. Citigroup increased their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, September 18th. Truist Financial increased their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Guggenheim lowered their price objective on United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.60.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider James Mikolaichik purchased 34,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the transaction, the insider now owns 76,267 shares of the company's stock, valued at $4,369,336.43. The trade was a 80.44 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.

United Parks & Resorts Price Performance

NYSE PRKS traded up $0.33 on Thursday, hitting $59.71. The company had a trading volume of 443,702 shares, compared to its average volume of 883,874. The company's fifty day moving average price is $54.13 and its 200-day moving average price is $52.49. The company has a market capitalization of $3.28 billion, a PE ratio of 14.88 and a beta of 2.00. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.83.

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 company had revenue of $545.90 million for the quarter, compared to analysts' expectations of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 EPS. On average, sell-side analysts anticipate that United Parks & Resorts Inc. will post 3.97 EPS for the current year.

United Parks & Resorts 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.