XTX Topco Ltd Buys Shares of 14,122 United Parks & Resorts Inc. (NYSE:PRKS)

XTX Topco Ltd purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 14,122 shares of the company's stock, valued at approximately $715,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Eagle Asset Management Inc. acquired a new stake in United Parks & Resorts in the third quarter worth $21,959,000. Hill Path Capital LP acquired a new position in shares of United Parks & Resorts during the third quarter worth approximately $1,376,588,000. Quest Partners LLC bought a new position in United Parks & Resorts in the 3rd quarter worth approximately $448,000. Goldentree Asset Management LP acquired a new stake in United Parks & Resorts in the 3rd quarter valued at approximately $71,882,000. Finally, Simcoe Capital Management LLC bought a new stake in United Parks & Resorts during the 3rd quarter valued at $110,983,000.

United Parks & Resorts Stock Performance

Shares of PRKS stock traded down $0.95 during trading on Thursday, hitting $55.70. 323,611 shares of the company were exchanged, compared to its average volume of 875,348. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 14.20 and a beta of 2.00. The business's 50-day simple moving average is $54.90 and its 200 day simple moving average is $52.73. 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 announced its quarterly earnings data 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 firm 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 business posted $1.92 earnings per share. United Parks & Resorts's revenue was down .4% on a year-over-year basis. On average, equities analysts forecast that United Parks & Resorts Inc. will post 3.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial raised their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 8th. 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 note on Friday, October 18th. JPMorgan Chase & Co. cut their target price on United Parks & Resorts from $57.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, September 16th. Guggenheim lowered their price target on 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. Finally, Mizuho restated an "underperform" rating and issued a $43.00 price objective (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.60.

Insider Activity

In other United Parks & Resorts 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 purchased at an average cost 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.