JPMorgan Chase & Co. Has $23.97 Million Stake in United Parks & Resorts Inc. $PRKS

JPMorgan Chase & Co. increased its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 105.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 463,540 shares of the company’s stock after acquiring an additional 237,575 shares during the period. JPMorgan Chase & Co. owned about 0.85% of United Parks & Resorts worth $23,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC boosted its stake in shares of United Parks & Resorts by 74.3% during the third quarter. CWM LLC now owns 495 shares of the company’s stock valued at $26,000 after purchasing an additional 211 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of United Parks & Resorts by 114.0% during the third quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock worth $28,000 after purchasing an additional 293 shares during the last quarter. Inspire Investing LLC increased its stake in shares of United Parks & Resorts by 4.7% in the third quarter. Inspire Investing LLC now owns 8,738 shares of the company’s stock valued at $452,000 after buying an additional 392 shares during the period. Captrust Financial Advisors increased its stake in shares of United Parks & Resorts by 4.9% in the second quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock valued at $424,000 after buying an additional 420 shares during the period. Finally, Quarry LP bought a new position in United Parks & Resorts in the 3rd quarter valued at approximately $28,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Guggenheim cut their target price on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Truist Financial dropped their price target on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. Finally, Citigroup decreased their price objective on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parks & Resorts presently has an average rating of “Hold” and a consensus price target of $46.40.

United Parks & Resorts Price Performance

Shares of United Parks & Resorts stock opened at $31.90 on Tuesday. The stock’s 50-day moving average is $35.28 and its 200 day moving average is $40.23. United Parks & Resorts Inc. has a one year low of $29.62 and a one year high of $56.95. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.16 and a beta of 1.18.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.18). The business had revenue of $373.55 million during the quarter, compared to analyst estimates of $375.87 million. United Parks & Resorts had a net margin of 10.13% and a negative return on equity of 41.63%. United Parks & Resorts’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. On average, sell-side analysts expect that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

United Parks & Resorts Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.