The Manufacturers Life Insurance Company bought a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 19,710 shares of the company's stock, valued at approximately $997,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in PRKS. River Road Asset Management LLC purchased a new stake in shares of United Parks & Resorts during the third quarter valued at $66,841,000. Pinnacle Associates Ltd. purchased a new stake in United Parks & Resorts during the third quarter valued at about $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in United Parks & Resorts during the third quarter valued at about $27,850,000. Eagle Asset Management Inc. acquired a new position in shares of United Parks & Resorts in the third quarter worth about $21,959,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of United Parks & Resorts in the third quarter worth approximately $20,898,000.
Insider Buying and Selling
In other news, insider James Mikolaichik acquired 34,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares in the company, valued at approximately $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Truist Financial raised their price objective 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. Macquarie lowered their price target on United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday, October 18th. Mizuho reissued an "underperform" rating and issued a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. B. Riley reaffirmed a "buy" rating and set a $71.00 target price on shares of United Parks & Resorts in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. dropped their target price on United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. One research 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. Based on data from MarketBeat.com, United Parks & Resorts has an average rating of "Moderate Buy" and an average price target of $62.60.
View Our Latest Stock Report on PRKS
United Parks & Resorts Stock Performance
Shares of United Parks & Resorts stock traded up $0.15 during trading on Friday, hitting $55.85. 458,495 shares of the stock traded hands, compared to its average volume of 872,817. The stock has a market cap of $3.07 billion, a P/E ratio of 13.96 and a beta of 2.00. The company has a fifty day moving average price of $55.02 and a two-hundred day moving average price of $52.75. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83.
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 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 business had revenue of $545.90 million during the quarter, compared to analyst estimates of $550.47 million. During the same quarter last year, the firm earned $1.92 earnings per share. United Parks & Resorts's revenue was down .4% compared to the same quarter last year. On average, equities research analysts expect that United Parks & Resorts Inc. will post 3.97 EPS for the current fiscal year.
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.
See Also
Before you consider United Parks & Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Parks & Resorts wasn't on the list.
While United Parks & Resorts currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
