JPMorgan Chase & Co. Purchases 237,575 Shares of United Parks & Resorts Inc. $PRKS

JPMorgan Chase & Co. grew its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 105.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 463,540 shares of the company’s stock after acquiring an additional 237,575 shares during the quarter. JPMorgan Chase & Co.’s holdings in United Parks & Resorts were worth $23,965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of PRKS. Norges Bank bought a new position in United Parks & Resorts in the 2nd quarter valued at about $12,019,000. Principal Financial Group Inc. bought a new stake in United Parks & Resorts during the 3rd quarter worth approximately $6,876,000. Clark Estates Inc. NY raised its stake in shares of United Parks & Resorts by 57.7% in the third quarter. Clark Estates Inc. NY now owns 205,000 shares of the company’s stock worth $10,598,000 after purchasing an additional 75,000 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of United Parks & Resorts in the third quarter valued at approximately $865,000. 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 2.0%

Shares of PRKS opened at $31.90 on Tuesday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.16 and a beta of 1.18. The stock has a 50 day moving average of $35.28 and a 200 day moving average of $40.23. United Parks & Resorts Inc. has a 12 month low of $29.62 and a 12 month high of $56.95.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. 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. Mizuho cut their price objective on shares of United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating on the stock in a report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Monday, December 29th. Finally, Citigroup lowered their target price on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, United Parks & Resorts currently has a consensus rating of “Hold” and an average price target of $46.40.

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.