PDT Partners LLC 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,679 shares of the company's stock, valued at approximately $1,046,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in PRKS. Goldentree Asset Management LP purchased a new stake in shares of United Parks & Resorts during the 3rd quarter valued at $71,882,000. River Road Asset Management LLC purchased a new stake in United Parks & Resorts during the third quarter valued at about $66,841,000. Pinnacle Associates Ltd. purchased a new position in shares of United Parks & Resorts in the 3rd quarter worth about $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of United Parks & Resorts in the 3rd quarter worth about $27,850,000. Finally, Eagle Asset Management Inc. bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $21,959,000.
Insider Buying and Selling
In other news, insider James Mikolaichik acquired 34,000 shares of the stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $57.29 per share, with a total value 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. This represents a 80.44 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider George Anthony Taylor sold 23,837 shares of the company's 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 sale, the insider now directly owns 85,463 shares in the company, valued at $4,524,411.22. This represents a 21.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
United Parks & Resorts Stock Up 2.8 %
Shares of PRKS traded up $1.65 during mid-day trading on Monday, hitting $60.29. 1,212,633 shares of the company's stock traded hands, compared to its average volume of 889,319. The firm has a market capitalization of $3.32 billion, a P/E ratio of 15.11 and a beta of 2.00. The business's 50-day moving average price is $53.79 and its 200-day moving average price is $52.39. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.83.
United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings data 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 net margin of 13.85% and a negative return on equity of 76.13%. The company had revenue of $545.90 million for the quarter, compared to analysts' expectations of $550.47 million. During the same period in the previous year, the firm posted $1.92 earnings per share. The firm's revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts anticipate that United Parks & Resorts Inc. will post 3.97 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have issued reports on the company. Truist Financial upped 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. 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. Guggenheim reduced their price objective on 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. Deutsche Bank Aktiengesellschaft dropped their target price on United Parks & Resorts from $76.00 to $74.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Macquarie decreased their price target on 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. One equities 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's stock. Based on data from MarketBeat, United Parks & Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $62.60.
Check Out Our Latest Stock Analysis on PRKS
About United Parks & Resorts
(
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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