Hotchkis & Wiley Capital Management LLC Acquires Shares of 241,595 United Parks & Resorts Inc. (NYSE:PRKS)

Hotchkis & Wiley Capital Management LLC acquired a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 241,595 shares of the company's stock, valued at approximately $12,225,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.44% of United Parks & Resorts as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PRKS. Eagle Asset Management Inc. acquired a new position in shares of United Parks & Resorts in the third quarter valued at $21,959,000. Quest Partners LLC acquired a new position in shares of United Parks & Resorts in the third quarter valued at $448,000. Hill Path Capital LP acquired a new position in shares of United Parks & Resorts in the third quarter valued at $1,376,588,000. Goldentree Asset Management LP acquired a new position in shares of United Parks & Resorts in the third quarter valued at $71,882,000. Finally, River Road Asset Management LLC acquired a new position in shares of United Parks & Resorts in the third quarter valued at $66,841,000.

Analysts Set New Price Targets

Several research firms have commented on PRKS. B. Riley reiterated a "buy" rating and issued a $71.00 price objective on shares of United Parks & Resorts in a report on Monday, October 7th. Truist Financial upped their price target 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. Macquarie decreased their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating on the stock in a research note on Friday, October 18th. Guggenheim decreased 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. Finally, Deutsche Bank Aktiengesellschaft decreased 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $62.60.

United Parks & Resorts Stock Performance

Shares of PRKS stock traded up $0.20 during trading hours on Wednesday, hitting $59.38. 419,195 shares of the company were exchanged, compared to its average volume of 885,753. The firm has a market cap of $3.27 billion, a P/E ratio of 14.88 and a beta of 2.00. United Parks & Resorts Inc. has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The company has a 50 day simple moving average of $54.13 and a two-hundred day simple moving average of $52.49.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The firm had revenue of $545.90 million during the quarter, compared to the consensus estimate of $550.47 million. During the same quarter in the prior year, the business earned $1.92 earnings per share. United Parks & Resorts's revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts expect that United Parks & Resorts Inc. will post 3.97 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of United Parks & Resorts stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the transaction, the insider now owns 85,463 shares of the company's stock, valued at $4,524,411.22. The trade was a 21.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James Mikolaichik bought 34,000 shares of United Parks & Resorts stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the acquisition, the insider now directly owns 76,267 shares in the company, valued at approximately $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.

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.