UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New Investment in United Parks & Resorts Inc. (NYSE:PRKS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 87,034 shares of the company's stock, valued at approximately $4,404,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of United Parks & Resorts as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PRKS. Hexagon Capital Partners LLC purchased a new position in United Parks & Resorts during the third quarter valued at $25,000. Exchange Traded Concepts LLC bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $28,000. Blue Trust Inc. purchased a new position in shares of United Parks & Resorts during the third quarter valued at about $30,000. KBC Group NV bought a new stake in shares of United Parks & Resorts in the third quarter worth about $54,000. Finally, Amalgamated Bank bought a new stake in shares of United Parks & Resorts in the third quarter worth about $65,000.

Insiders Place Their Bets

In other news, insider James Mikolaichik purchased 34,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the acquisition, the insider now owns 76,267 shares of the company's stock, valued at approximately $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Guggenheim cut their price target on United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Truist Financial increased their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Citigroup boosted their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. decreased their price target on shares of 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, Macquarie dropped their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating for the company 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 given a buy rating to the company's stock. According to MarketBeat.com, United Parks & Resorts has an average rating of "Moderate Buy" and an average target price of $62.60.

United Parks & Resorts Stock Up 0.3 %

United Parks & Resorts stock traded up $0.15 during midday trading on Friday, reaching $55.85. The stock had a trading volume of 458,495 shares, compared to its average volume of 873,619. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.83. The company has a fifty day moving average of $55.02 and a 200 day moving average of $52.75. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 13.96 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share 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 business had revenue of $545.90 million during the quarter, compared to analysts' expectations of $550.47 million. During the same quarter in the previous year, the company posted $1.92 earnings per share. The company's quarterly revenue was down .4% compared to the same quarter last year. Equities research analysts predict that United Parks & Resorts Inc. will post 3.97 EPS for the current year.

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.