Janus Henderson Group PLC Buys New Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Janus Henderson Group PLC acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,006 shares of the company's stock, valued at approximately $911,000.

Several other institutional investors and hedge funds have also made changes to their positions in PRKS. Hexagon Capital Partners LLC acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $28,000. Blue Trust Inc. acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $30,000. KBC Group NV acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $54,000. Finally, Amalgamated Bank purchased a new stake in United Parks & Resorts during the 3rd quarter valued at approximately $65,000.

Wall Street Analyst Weigh In

Several analysts have commented on the company. B. Riley reaffirmed a "buy" rating and set a $71.00 price objective on shares of United Parks & Resorts in a research note on Monday, October 7th. Mizuho reaffirmed an "underperform" rating and set a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. JPMorgan Chase & Co. reduced their price objective on United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating for the company in a research note on Monday, September 16th. Citigroup upped their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, September 18th. Finally, Guggenheim reduced their price objective on United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.60.

United Parks & Resorts Price Performance

Shares of PRKS stock traded up $0.15 during trading hours on Friday, reaching $55.85. 458,495 shares of the company's stock were exchanged, compared to its average volume of 599,209. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.83. The company has a market cap of $3.07 billion, a P/E ratio of 14.00 and a beta of 2.00. The company's 50 day moving average is $55.10 and its two-hundred day moving average is $52.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings data 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). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The firm had revenue of $545.90 million during the quarter, compared to analysts' expectations of $550.47 million. During the same period in the previous year, the business earned $1.92 earnings per share. The business's revenue for the quarter was down .4% on a year-over-year basis. As a group, analysts predict that United Parks & Resorts Inc. will post 3.97 EPS for the current fiscal year.

Insider Activity at United Parks & Resorts

In other news, insider James Mikolaichik acquired 34,000 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the purchase, the insider now directly owns 76,267 shares of the company's stock, valued at approximately $4,369,336.43. This trade represents 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. 1.10% of the stock is currently owned by company insiders.

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.