Deroy & Devereaux Private Investment Counsel Inc. Invests $27.85 Million in United Parks & Resorts Inc. (NYSE:PRKS)

Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 550,390 shares of the company's stock, valued at approximately $27,850,000. United Parks & Resorts makes up about 1.6% of Deroy & Devereaux Private Investment Counsel Inc.'s portfolio, making the stock its 24th biggest holding. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.95% of United Parks & Resorts as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PRKS. Hexagon Capital Partners LLC bought a new position in United Parks & Resorts during the 3rd quarter valued at $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. bought a new position in shares of United Parks & Resorts during the third quarter worth about $30,000. Nisa Investment Advisors LLC acquired a new position in United Parks & Resorts in the third quarter worth about $99,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in United Parks & Resorts in the third quarter valued at about $115,000.

Insider Buying and Selling at United Parks & Resorts

In related 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 owns 722 shares of the company's stock, valued at $35,695.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the transaction, the director now directly owns 41,766 shares of the company's stock, valued at approximately $2,091,223.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total value of $26,944.80. Following the transaction, the insider now owns 722 shares in the company, valued at approximately $35,695.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,366 shares of company stock valued at $1,938,984 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on PRKS. B. Riley reaffirmed a "buy" rating and set a $71.00 target price on shares of United Parks & Resorts in a report on Monday, October 7th. The Goldman Sachs Group cut United Parks & Resorts from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $63.00 to $53.00 in a research note on Thursday, August 8th. Citigroup boosted their target price on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of United Parks & Resorts from $76.00 to $74.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Finally, Mizuho decreased their price target on shares of United Parks & Resorts from $46.00 to $45.00 and set an "underperform" rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.70.

United Parks & Resorts Price Performance

Shares of PRKS stock traded down $0.06 during trading hours on Friday, reaching $52.57. The stock had a trading volume of 620,234 shares, compared to its average volume of 887,977. The firm has a 50-day simple moving average of $51.13 and a 200-day simple moving average of $51.62. The firm has a market capitalization of $3.05 billion, a PE ratio of 13.73 and a beta of 2.01. United Parks & Resorts Inc. has a twelve month low of $42.77 and a twelve month high of $60.36.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $1.54 by ($0.08). United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The business had revenue of $497.60 million for the quarter, compared to the consensus estimate of $503.93 million. During the same period last year, the firm posted $1.35 EPS. The business's quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts anticipate that United Parks & Resorts Inc. will post 4.23 earnings per share for the current year.

United Parks & Resorts Company 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.