Wolverine Trading LLC Invests $1.43 Million in United Parks & Resorts Inc. (NYSE:PRKS)

Wolverine Trading LLC purchased a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,822 shares of the company's stock, valued at approximately $1,426,000. Wolverine Trading LLC owned about 0.05% of United Parks & Resorts as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hill Path Capital LP acquired a new stake in United Parks & Resorts in the 3rd quarter worth about $1,376,588,000. Simcoe Capital Management LLC acquired a new position in United Parks & Resorts in the 3rd quarter valued at $110,983,000. Goldentree Asset Management LP bought a new stake in shares of United Parks & Resorts during the 3rd quarter valued at $71,882,000. River Road Asset Management LLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth $66,841,000. Finally, HG Vora Capital Management LLC acquired a new position in United Parks & Resorts in the third quarter valued at about $65,780,000.

Analysts Set New Price Targets

PRKS has been the topic of a number of research reports. Guggenheim decreased their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Mizuho reiterated an "underperform" rating and issued a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on shares of United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating for the company in a report on Monday, September 16th. Truist Financial lifted their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, B. Riley reiterated a "buy" rating and set a $71.00 price objective on shares of United Parks & Resorts in a report on Monday, October 7th. 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.60.

United Parks & Resorts Trading Down 1.6 %

Shares of PRKS traded down $0.90 on Thursday, reaching $55.75. The company's stock had a trading volume of 112,842 shares, compared to its average volume of 874,423. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83. The stock has a market capitalization of $3.07 billion, a PE ratio of 14.20 and a beta of 2.00. The firm has a fifty day moving average of $54.90 and a 200-day moving average of $52.73.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $550.47 million. During the same period in the prior year, the firm posted $1.92 earnings per share. The business's revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts anticipate that United Parks & Resorts Inc. will post 3.97 EPS for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider James Mikolaichik bought 34,000 shares of United Parks & Resorts stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the acquisition, the insider now directly owns 76,267 shares in the company, valued at approximately $4,369,336.43. The trade was a 80.44 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

United Parks & Resorts 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.