Jane Street Group LLC bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 105,034 shares of the company's stock, valued at approximately $5,315,000. Jane Street Group LLC owned 0.19% of United Parks & Resorts as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRKS. Hexagon Capital Partners LLC acquired a new stake in shares of United Parks & Resorts in the third quarter valued at $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of United Parks & Resorts in the third quarter valued at $28,000. Blue Trust Inc. acquired a new stake in shares of United Parks & Resorts in the third quarter valued at $30,000. KBC Group NV acquired a new position in United Parks & Resorts during the 3rd quarter worth $54,000. Finally, Amalgamated Bank acquired a new position in United Parks & Resorts during the 3rd quarter worth $65,000.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Truist Financial boosted their target price on United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Guggenheim reduced their target price on United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Macquarie reduced their target price on United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Friday, October 18th. Citigroup boosted their target price on United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, September 18th. Finally, Mizuho reissued an "underperform" rating and issued a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, United Parks & Resorts currently has an average rating of "Moderate Buy" and a consensus target price of $62.60.
Check Out Our Latest Report on United Parks & Resorts
United Parks & Resorts Price Performance
NYSE PRKS traded up $0.37 on Tuesday, hitting $57.68. 681,050 shares of the company's stock were exchanged, compared to its average volume of 872,364. The firm's 50-day moving average price is $55.26 and its two-hundred day moving average price is $52.87. United Parks & Resorts Inc. has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 14.38 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 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%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 EPS. On average, research analysts predict that United Parks & Resorts Inc. will post 3.97 earnings per share for the current fiscal year.
Insider Buying and Selling
In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the sale, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Mikolaichik bought 34,000 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares in the company, valued at $4,369,336.43. The trade was a 80.44 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.
About United Parks & Resorts
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Free Report)
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.
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