Quest Partners LLC Invests $448,000 in United Parks & Resorts Inc. (NYSE:PRKS)

Quest Partners LLC acquired a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,845 shares of the company's stock, valued at approximately $448,000.

Other large investors also recently modified their holdings of the company. KBC Group NV purchased a new stake in shares of United Parks & Resorts in the third quarter valued at about $54,000. MQS Management LLC bought a new stake in United Parks & Resorts in the 3rd quarter worth about $301,000. Victory Capital Management Inc. purchased a new stake in United Parks & Resorts in the 3rd quarter valued at about $772,000. Entropy Technologies LP bought a new position in shares of United Parks & Resorts during the 3rd quarter worth approximately $832,000. Finally, Supplemental Annuity Collective Trust of NJ bought a new position in shares of United Parks & Resorts during the 3rd quarter worth approximately $202,000.

United Parks & Resorts Trading Down 0.1 %

Shares of PRKS stock traded down $0.03 during trading on Friday, reaching $56.81. 583,377 shares of the company's stock traded hands, compared to its average volume of 902,580. The firm's 50-day moving average is $53.02 and its 200 day moving average is $52.19. The company has a market capitalization of $3.12 billion, a P/E ratio of 14.24 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.

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

Insider Transactions at United Parks & Resorts

In related news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the sale, the insider now owns 85,463 shares in the company, valued at approximately $4,524,411.22. This trade represents a 21.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Yoshikazu Maruyama sold 12,984 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was 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 of the company's stock, valued at approximately $2,091,223.62. The trade was a 23.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,366 shares of company stock valued at $1,938,984. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on PRKS. Truist Financial upped their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 8th. Citigroup raised their target price on United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, September 18th. 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. Mizuho restated an "underperform" rating and set a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Finally, Macquarie lowered their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating on the stock in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.