State of Wyoming Takes $699,000 Position in United Parks & Resorts Inc. $PRKS

State of Wyoming acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,648 shares of the company’s stock, valued at approximately $699,000.

A number of other institutional investors have also recently made changes to their positions in PRKS. Oppenheimer Asset Management Inc. purchased a new stake in United Parks & Resorts during the 2nd quarter worth approximately $245,000. Versant Capital Management Inc boosted its position in United Parks & Resorts by 40.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,862 shares of the company’s stock valued at $89,000 after buying an additional 537 shares during the period. Amundi acquired a new position in shares of United Parks & Resorts in the first quarter worth $200,000. California State Teachers Retirement System grew its stake in shares of United Parks & Resorts by 46.0% in the first quarter. California State Teachers Retirement System now owns 39,893 shares of the company’s stock worth $1,303,000 after acquiring an additional 12,565 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of United Parks & Resorts by 27.3% in the first quarter. Royal Bank of Canada now owns 2,805 shares of the company’s stock worth $92,000 after acquiring an additional 602 shares in the last quarter.

Wall Street Analyst Weigh In

PRKS has been the topic of several analyst reports. Citigroup increased their price objective on United Parks & Resorts from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Citizens Jmp began coverage on United Parks & Resorts in a research note on Monday, June 29th. They set a “market perform” rating for the company. Guggenheim upped their price target on United Parks & Resorts from $51.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Northcoast Research initiated coverage on United Parks & Resorts in a report on Wednesday, July 8th. They set a “neutral” rating on the stock. Finally, Mizuho set a $51.00 price target on United Parks & Resorts in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $47.30.

United Parks & Resorts Stock Down 0.0%

NYSE PRKS opened at $44.92 on Monday. United Parks & Resorts Inc. has a 52 week low of $28.77 and a 52 week high of $56.95. The stock has a market capitalization of $2.04 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 4.22 and a beta of 1.16. The firm has a 50 day moving average of $45.86 and a two-hundred day moving average of $38.99.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The firm had revenue of $483.32 million during the quarter, compared to analysts’ expectations of $492.10 million. During the same period in the prior year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts expect that United Parks & Resorts Inc. will post 2.85 earnings per share for the current fiscal year.

Insider Activity at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 8,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $4,789,276.60. This represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.70% 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.