River Road Asset Management LLC Purchases 74,392 Shares of United Parks & Resorts Inc. $PRKS

River Road Asset Management LLC boosted its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,056,349 shares of the company’s stock after buying an additional 74,392 shares during the period. River Road Asset Management LLC owned approximately 3.77% of United Parks & Resorts worth $74,645,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. raised its position in shares of United Parks & Resorts by 28.0% in the 4th quarter. Invesco Ltd. now owns 174,249 shares of the company’s stock valued at $6,325,000 after buying an additional 38,120 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of United Parks & Resorts during the 4th quarter worth approximately $230,000. State of Tennessee Department of Treasury bought a new position in United Parks & Resorts in the fourth quarter valued at approximately $234,000. SkyView Investment Advisors LLC increased its stake in United Parks & Resorts by 1.7% in the fourth quarter. SkyView Investment Advisors LLC now owns 21,685 shares of the company’s stock valued at $787,000 after acquiring an additional 358 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in United Parks & Resorts during the fourth quarter valued at approximately $31,000.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS opened at $46.67 on Friday. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 3.61 and a beta of 1.17. The firm has a 50 day simple moving average of $38.22 and a 200 day simple moving average of $36.22. United Parks & Resorts Inc. has a one year low of $28.77 and a one year high of $56.95.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results on Monday, May 11th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). The company had revenue of $278.29 million during the quarter, compared to analyst estimates of $279.92 million. United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.29) EPS. As a group, analysts expect that United Parks & Resorts Inc. will post 3.41 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group restated a “neutral” rating and set a $45.00 target price on shares of United Parks & Resorts in a research note on Monday. Zacks Research lowered United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft lowered their price target on United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating for the company in a report on Friday, April 10th. Mizuho upgraded United Parks & Resorts from an “underperform” rating to an “outperform” rating and upped their price objective for the stock from $27.00 to $47.00 in a research report on Friday, May 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $47.00.

Insider Activity at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 8,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $36.76, for a total transaction of $294,080.00. Following the sale, the insider owned 130,285 shares of the company’s stock, valued at $4,789,276.60. This trade represents a 5.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

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.