Quinn Opportunity Partners LLC Buys 9,000 Shares of United Parks & Resorts Inc. $PRKS

Quinn Opportunity Partners LLC raised its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 60.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,000 shares of the company’s stock after acquiring an additional 9,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in United Parks & Resorts were worth $1,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of United Parks & Resorts in the 1st quarter valued at approximately $31,000. Pinnacle Wealth Management Advisory Group LLC raised its holdings in United Parks & Resorts by 7.4% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company’s stock worth $205,000 after purchasing an additional 310 shares in the last quarter. AlphaQuest LLC raised its holdings in United Parks & Resorts by 2,030.0% in 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 in the last quarter. Inspire Investing LLC lifted its position in United Parks & Resorts by 6.1% during the first quarter. Inspire Investing LLC now owns 7,540 shares of the company’s stock valued at $343,000 after buying an additional 434 shares during the period. Finally, Fox Run Management L.L.C. lifted its position in 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 valued at $542,000 after buying an additional 7,735 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Stifel Nicolaus dropped their price target 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. Truist Financial raised their price objective on United Parks & Resorts from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Barclays dropped their target price on United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group lowered their price target on United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.09.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $33.67 on Thursday. The stock has a market cap of $1.85 billion, a PE ratio of 9.00 and a beta of 1.38. The stock has a fifty day moving average of $49.82 and a 200 day moving average of $48.45. United Parks & Resorts Inc. has a one year low of $33.56 and a one year high of $60.83.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Thursday, November 6th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.63). The business had revenue of $511.85 million for the quarter, compared to analysts’ expectations of $540.43 million. United Parks & Resorts had a net margin of 12.39% and a negative return on equity of 47.59%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 earnings per share. 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 declared that its Board of Directors has approved a share repurchase program on Friday, September 5th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

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.