Victory Capital Management Inc. Takes Position in United Parks & Resorts Inc. (NYSE:PRKS)

Victory Capital Management Inc. purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,262 shares of the company's stock, valued at approximately $772,000.

A number of other large investors have also made changes to their positions in PRKS. Hexagon Capital Partners LLC acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $25,000. Exchange Traded Concepts LLC bought a new position in United Parks & Resorts in the third quarter valued at $28,000. Blue Trust Inc. acquired a new stake in United Parks & Resorts in the 3rd quarter valued at $30,000. Amalgamated Bank bought a new stake in United Parks & Resorts during the 3rd quarter worth about $65,000. Finally, Nisa Investment Advisors LLC bought a new stake in United Parks & Resorts during the 3rd quarter worth about $99,000.

Analyst Upgrades and Downgrades

PRKS has been the topic of several recent analyst reports. Citigroup boosted their price target on United Parks & Resorts from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 18th. Guggenheim dropped their price target on shares of United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Macquarie decreased 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 report on Friday, October 18th. B. Riley reaffirmed a "buy" rating and issued a $71.00 target price on shares of United Parks & Resorts in a report on Monday, October 7th. Finally, Stifel Nicolaus cut their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. One investment 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $62.60.

United Parks & Resorts Price Performance

United Parks & Resorts stock traded up $0.57 during mid-day trading on Friday, reaching $58.64. 448,043 shares of the company were exchanged, compared to its average volume of 887,367. The company has a fifty day simple moving average of $53.61 and a 200-day simple moving average of $52.35. The firm has a market cap of $3.23 billion, a PE ratio of 14.70 and a beta of 2.00. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.36.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $545.90 million during the quarter, compared to the consensus estimate of $550.47 million. During the same period in the prior year, the business earned $1.92 earnings per share. United Parks & Resorts's quarterly revenue 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 year.

Insider Buying and Selling

In related news, insider George Anthony Taylor sold 23,837 shares of the firm's stock in a transaction on 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 sale, the insider now owns 85,463 shares of the company's stock, valued at $4,524,411.22. This trade represents a 21.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Yoshikazu Maruyama sold 12,984 shares of the company'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 completion of the transaction, the director now directly 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 position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

United Parks & Resorts Company Profile

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.