Voss Capital LP Lowers Stock Position in United Parks & Resorts Inc. $PRKS

Voss Capital LP lessened its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 20.0% during the fourth quarter, according to its most recent 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 quarter. United Parks & Resorts accounts for about 2.9% of Voss Capital LP’s holdings, making the stock its 12th biggest position. Voss Capital LP’s holdings in United Parks & Resorts were worth $59,532,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its holdings in United Parks & Resorts by 4.9% in the 2nd quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock valued at $424,000 after purchasing an additional 420 shares in the last quarter. Quarry LP purchased a new stake in United Parks & Resorts in the 3rd quarter valued at approximately $28,000. SkyView Investment Advisors LLC boosted its holdings in United Parks & Resorts by 2.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 20,889 shares of the company’s stock valued at $988,000 after purchasing an additional 589 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in United Parks & Resorts in the 4th quarter valued at approximately $25,000. Finally, Swiss National Bank boosted its holdings in United Parks & Resorts by 1.5% in the 3rd quarter. Swiss National Bank now owns 53,300 shares of the company’s stock valued at $2,756,000 after purchasing an additional 800 shares in the last quarter.

United Parks & Resorts Stock Performance

PRKS stock opened at $45.17 on Friday. United Parks & Resorts Inc. has a 1 year low of $28.77 and a 1 year 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. The firm has a market cap of $2.13 billion, a P/E ratio of 17.04, a PEG ratio of 3.65 and a beta of 1.17.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Monday, May 11th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The company had revenue of $278.29 million during the quarter, compared to analysts’ expectations of $279.92 million. During the same period in the previous year, the company posted ($0.29) EPS. United Parks & Resorts’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, research analysts predict that United Parks & Resorts Inc. will post 3.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Stifel Nicolaus reissued a “hold” rating and set a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a research note on Tuesday, May 12th. Mizuho raised United Parks & Resorts from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $27.00 to $47.00 in a research note on Friday, May 8th. Guggenheim decreased their price target on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Friday, March 27th. Finally, Zacks Research lowered United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, April 17th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $47.20.

Insider Transactions at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 8,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 130,285 shares of the company’s stock, valued at approximately $4,789,276.60. This represents a 5.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

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.