Quantbot Technologies LP Invests $3.55 Million in United Parks & Resorts Inc. (NYSE:PRKS)

Quantbot Technologies LP purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 70,121 shares of the company's stock, valued at approximately $3,548,000. Quantbot Technologies LP owned about 0.13% of United Parks & Resorts at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PRKS. SG Americas Securities LLC acquired a new stake in shares of United Parks & Resorts in the third quarter valued at $739,000. Handelsbanken Fonder AB purchased a new position in United Parks & Resorts during the 3rd quarter valued at about $390,000. Hexagon Capital Partners LLC acquired a new position in United Parks & Resorts in the 3rd quarter valued at about $25,000. Perpetual Ltd acquired a new position in United Parks & Resorts in the 3rd quarter valued at about $16,862,000. Finally, Inspire Investing LLC purchased a new stake in United Parks & Resorts during the third quarter worth about $411,000.

Insider Transactions at United Parks & Resorts

In related news, Director Yoshikazu Maruyama sold 12,984 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the transaction, the director now owns 41,766 shares in the company, valued at approximately $2,091,223.62. This trade represents a 23.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider George Anthony Taylor sold 23,837 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were 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 directly owns 85,463 shares in the company, valued at approximately $4,524,411.22. This represents a 21.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

United Parks & Resorts Stock Performance

PRKS stock traded up $0.84 during trading on Thursday, hitting $58.07. The stock had a trading volume of 598,934 shares, compared to its average volume of 889,277. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 14.55 and a beta of 2.00. United Parks & Resorts Inc. has a 1-year low of $44.72 and a 1-year high of $60.36. The company's 50 day moving average price is $53.38 and its two-hundred day moving average price is $52.28.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its quarterly earnings data 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%. United Parks & Resorts's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business earned $1.92 EPS. As a group, sell-side analysts forecast that United Parks & Resorts Inc. will post 3.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PRKS has been the subject of several recent research reports. Guggenheim lowered their price objective on shares of 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. Mizuho reiterated an "underperform" rating and set a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Truist Financial increased their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered their target price on United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating on the stock in a research note on Monday, September 16th. Finally, Stifel Nicolaus lowered their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, United Parks & Resorts presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.60.

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.