Vanguard Group Inc. Acquires 256,367 Shares of United Parks & Resorts Inc. $PRKS

Vanguard Group Inc. boosted its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 9.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,994,579 shares of the company’s stock after buying an additional 256,367 shares during the quarter. Vanguard Group Inc. owned about 0.05% of United Parks & Resorts worth $154,820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of United Parks & Resorts by 105.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 463,540 shares of the company’s stock worth $23,965,000 after acquiring an additional 237,575 shares in the last quarter. Public Sector Pension Investment Board bought a new stake in United Parks & Resorts during the third quarter worth approximately $5,548,000. Leuthold Group LLC boosted its position in United Parks & Resorts by 3.5% during the third quarter. Leuthold Group LLC now owns 55,977 shares of the company’s stock worth $2,894,000 after purchasing an additional 1,894 shares during the period. Cibc World Market Inc. grew its holdings in United Parks & Resorts by 125.0% during the third quarter. Cibc World Market Inc. now owns 225,010 shares of the company’s stock valued at $11,633,000 after purchasing an additional 125,000 shares during the last quarter. Finally, ING Groep NV bought a new position in shares of United Parks & Resorts in the third quarter valued at approximately $18,095,000.

United Parks & Resorts Trading Up 1.1%

Shares of PRKS stock opened at $34.31 on Wednesday. United Parks & Resorts Inc. has a 12 month low of $29.62 and a 12 month high of $56.95. The company has a market capitalization of $1.87 billion, a P/E ratio of 11.25, a P/E/G ratio of 2.34 and a beta of 1.18. The stock has a 50 day moving average of $36.30 and a two-hundred day moving average of $42.16.

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 analyst estimates of $375.87 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Sell-side analysts predict that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on PRKS. Barclays decreased their price objective on shares of United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. Truist Financial dropped their price objective on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, December 4th. The Goldman Sachs Group cut their price objective on United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Guggenheim lowered their target price on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Monday. Four investment 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, the company has a consensus rating of “Hold” and an average target price of $48.09.

Insider Activity at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 7,200 shares of United Parks & Resorts stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $35.12, for a total transaction of $252,864.00. Following the sale, the insider directly owned 138,285 shares in the company, valued at approximately $4,856,569.20. The trade was a 4.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

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.