Great Lakes Advisors LLC Invests $2.38 Million in United Parks & Resorts Inc. $PRKS

Great Lakes Advisors LLC bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 49,945 shares of the company’s stock, valued at approximately $2,384,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PRKS. Quarry LP bought a new stake in shares of United Parks & Resorts during the third quarter worth about $28,000. Rockefeller Capital Management L.P. increased its holdings in United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after buying an additional 551 shares during the last quarter. Global Retirement Partners LLC bought a new position in United Parks & Resorts during the second quarter valued at $31,000. Arax Advisory Partners purchased a new position in shares of United Parks & Resorts in the fourth quarter worth about $31,000. Finally, Empowered Funds LLC purchased a new position in shares of United Parks & Resorts during the fourth quarter valued at approximately $31,000.

Insiders Place Their Bets

In other news, insider Christopher L. Finazzo sold 6,622 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $44.20, for a total transaction of $292,692.40. Following the completion of the sale, the insider owned 123,663 shares of the company’s stock, valued at $5,465,904.60. This represents a 5.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PRKS shares. Weiss Ratings upgraded United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group restated a “neutral” rating and set a $45.00 price target on shares of United Parks & Resorts in a research report on Monday, June 15th. Guggenheim raised their price objective on United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group upped their target price on shares of United Parks & Resorts from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, United Parks & Resorts presently has a consensus rating of “Hold” and a consensus price target of $47.30.

United Parks & Resorts Trading Up 1.5%

NYSE PRKS opened at $45.49 on Friday. United Parks & Resorts Inc. has a 12 month low of $28.77 and a 12 month high of $56.95. The stock has a market cap of $2.06 billion, a P/E ratio of 17.91, a P/E/G ratio of 4.21 and a beta of 1.16. The stock’s fifty day moving average price is $45.92 and its 200-day moving average price is $39.24.

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

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.