Zurcher Kantonalbank Zurich Cantonalbank Invests $487,000 in United Parks & Resorts Inc. (NYSE:PRKS)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,618 shares of the company's stock, valued at approximately $487,000.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of United Parks & Resorts in the third quarter worth $739,000. Handelsbanken Fonder AB acquired a new position in United Parks & Resorts in the 3rd quarter worth about $390,000. Hexagon Capital Partners LLC acquired a new position in United Parks & Resorts in the 3rd quarter worth about $25,000. Perpetual Ltd purchased a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $16,862,000. Finally, Inspire Investing LLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter valued at about $411,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Macquarie dropped their price objective 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. Citigroup increased 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 note on Wednesday, September 18th. Guggenheim decreased their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. B. Riley reissued a "buy" rating and set a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. reduced their price target 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $62.60.

Insider Activity

In other news, insider James Mikolaichik bought 34,000 shares of United Parks & Resorts stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the transaction, the insider now directly owns 76,267 shares in the company, valued at $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

United Parks & Resorts Trading Up 0.2 %

NYSE:PRKS traded up $0.11 during mid-day trading on Friday, hitting $59.82. 439,165 shares of the company's stock traded hands, compared to its average volume of 763,877. The firm has a 50 day moving average of $54.47 and a two-hundred day moving average of $52.59. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 14.99 and a beta of 2.00. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.83.

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 company had revenue of $545.90 million during the quarter, compared to analyst estimates of $550.47 million. During the same quarter in the previous year, the business posted $1.92 EPS. The company's revenue was down .4% on a year-over-year basis. As a group, equities research analysts expect that United Parks & Resorts Inc. will post 3.97 earnings per share 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.