Hunter Associates Investment Management LLC Acquires 2,046 Shares of United Parks & Resorts Inc. $PRKS

Hunter Associates Investment Management LLC grew its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 5.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,787 shares of the company’s stock after buying an additional 2,046 shares during the period. Hunter Associates Investment Management LLC owned approximately 0.07% of United Parks & Resorts worth $1,739,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of United Parks & Resorts during the 1st quarter worth approximately $31,000. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of United Parks & Resorts by 7.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company’s stock worth $205,000 after buying an additional 310 shares in the last quarter. AlphaQuest LLC raised its position in shares of United Parks & Resorts by 2,030.0% during the second quarter. AlphaQuest LLC now owns 4,963 shares of the company’s stock worth $234,000 after purchasing an additional 4,730 shares during the period. Inspire Investing LLC raised its position in shares of United Parks & Resorts by 6.1% during the first quarter. Inspire Investing LLC now owns 7,540 shares of the company’s stock worth $343,000 after purchasing an additional 434 shares during the period. Finally, Fox Run Management L.L.C. raised its position in shares of United Parks & Resorts by 185.2% during the first quarter. Fox Run Management L.L.C. now owns 11,912 shares of the company’s stock worth $542,000 after purchasing an additional 7,735 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PRKS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Parks & Resorts in a research report on Wednesday, October 8th. Mizuho upped their target price on United Parks & Resorts from $44.00 to $46.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 13th. Morgan Stanley lowered their target price on United Parks & Resorts from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, August 4th. Zacks Research raised United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Stifel Nicolaus lowered their target price on United Parks & Resorts from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.40.

United Parks & Resorts Trading Up 2.2%

NYSE PRKS opened at $48.48 on Monday. The firm has a market capitalization of $2.67 billion, a P/E ratio of 12.96 and a beta of 1.34. The business has a fifty day simple moving average of $51.93 and a 200 day simple moving average of $48.75. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Thursday, August 7th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.31). United Parks & Resorts had a net margin of 12.39% and a negative return on equity of 47.59%. The business had revenue of $490.21 million for the quarter, compared to analysts’ expectations of $505.20 million. During the same period in the prior year, the business earned $1.46 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

United Parks & Resorts announced that its Board of Directors has initiated a stock repurchase plan on Friday, September 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

About United Parks & Resorts

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.