United Parks & Resorts Inc. $PRKS Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,994,579 shares of the company’s stock after purchasing an additional 256,367 shares during the quarter. Vanguard Group Inc. owned about 5.44% of United Parks & Resorts worth $154,820,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. CWM LLC boosted its stake in 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 buying an additional 211 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of United Parks & Resorts by 114.0% during the 3rd quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock valued at $28,000 after purchasing an additional 293 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of United Parks & Resorts in the 2nd quarter worth approximately $123,000. Pacer Advisors Inc. bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth approximately $154,000. Finally, Tower Research Capital LLC TRC lifted its stake in United Parks & Resorts by 238.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,023 shares of the company’s stock valued at $190,000 after purchasing an additional 2,835 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PRKS shares. Barclays cut their price objective on United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 11th. Mizuho cut their price objective on United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating on the stock in a report on Monday. Zacks Research raised shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. The Goldman Sachs Group decreased their price objective on shares of United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Hold” and a consensus target price of $48.09.

United Parks & Resorts Trading Up 1.1%

NYSE PRKS opened at $34.31 on Wednesday. United Parks & Resorts Inc. has a 1-year low of $29.62 and a 1-year high of $56.95. The firm’s fifty day simple moving average is $36.30 and its 200-day simple moving average is $42.16. The company has a market capitalization of $1.87 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 2.34 and a beta of 1.18.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.18). United Parks & Resorts had a net margin of 10.13% and a negative return on equity of 41.63%. The firm had revenue of $373.55 million during the quarter, compared to analysts’ expectations of $375.87 million. During the same quarter last year, the firm earned $0.50 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, analysts predict that United Parks & Resorts Inc. will post 3.95 EPS for the current year.

Insider Buying and Selling

In related news, insider Christopher L. Finazzo sold 7,200 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $35.12, for a total value of $252,864.00. Following the transaction, the insider owned 138,285 shares in the company, valued at approximately $4,856,569.20. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% 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.