United Parks & Resorts Inc. $PRKS Shares Sold by Voss Capital LP

Voss Capital LP reduced its stake in United Parks & Resorts Inc. (NYSE:PRKS) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,640,000 shares of the company’s stock after selling 410,000 shares during the period. United Parks & Resorts makes up about 2.9% of Voss Capital LP’s holdings, making the stock its 12th largest holding. Voss Capital LP owned about 3.01% of United Parks & Resorts worth $59,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Captrust Financial Advisors raised its stake in 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 in the last quarter. Quarry LP acquired a new stake in United Parks & Resorts in the third quarter valued at $28,000. SkyView Investment Advisors LLC raised its stake in United Parks & Resorts by 2.9% in the second quarter. SkyView Investment Advisors LLC now owns 20,889 shares of the company’s stock valued at $988,000 after buying an additional 589 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of United Parks & Resorts during the fourth quarter worth about $25,000. Finally, Swiss National Bank increased its position in shares of United Parks & Resorts by 1.5% during the third quarter. Swiss National Bank now owns 53,300 shares of the company’s stock worth $2,756,000 after purchasing an additional 800 shares in the last quarter.

Insider Transactions at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 8,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.76, for a total value of $294,080.00. Following the transaction, the insider owned 130,285 shares in the company, valued at $4,789,276.60. The trade was a 5.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PRKS has been the topic of a number of research analyst reports. Truist Financial lifted their target price on United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Friday, March 27th. Mizuho upgraded United Parks & Resorts from an “underperform” rating to an “outperform” rating and lifted their target price for the stock from $27.00 to $47.00 in a research report on Friday, May 8th. Guggenheim cut their target price on 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. Finally, Zacks Research cut United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $47.20.

United Parks & Resorts Stock Down 2.7%

Shares of PRKS stock opened at $45.17 on Friday. The stock has a market capitalization of $2.13 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 3.65 and a beta of 1.17. United Parks & Resorts Inc. has a 52-week low of $28.77 and a 52-week high of $56.95. The stock’s 50-day moving average price is $37.25 and its 200 day moving average price is $35.91.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate 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 revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.29) EPS. Analysts expect that United Parks & Resorts Inc. will post 3.41 earnings per share for the current fiscal year.

United Parks & Resorts Company 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.