Penn Capital Management Company LLC Has $25.52 Million Stake in United Parks & Resorts Inc. $PRKS

Penn Capital Management Company LLC grew its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 17.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 533,554 shares of the company’s stock after purchasing an additional 80,588 shares during the quarter. United Parks & Resorts comprises about 1.6% of Penn Capital Management Company LLC’s portfolio, making the stock its 8th biggest position. Penn Capital Management Company LLC’s holdings in United Parks & Resorts were worth $25,520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PRKS. Quarry LP acquired a new stake in United Parks & Resorts during the third quarter worth approximately $28,000. Rockefeller Capital Management L.P. lifted its stake in United Parks & Resorts by 183.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after buying an additional 551 shares during the period. Group One Trading LLC acquired a new position in United Parks & Resorts in the second quarter valued at approximately $31,000. Global Retirement Partners LLC bought a new position in shares of United Parks & Resorts during the 2nd quarter worth approximately $31,000. Finally, Arax Advisory Partners bought a new position in shares of United Parks & Resorts during the 4th quarter worth approximately $31,000.

Insider Transactions at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 6,622 shares of United Parks & Resorts stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total value of $292,692.40. Following the completion of the sale, the insider owned 123,663 shares of the company’s stock, valued at approximately $5,465,904.60. This trade represents a 5.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PRKS shares. The Goldman Sachs Group raised their price objective 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. Citigroup increased their target price on shares of United Parks & Resorts from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Mizuho set a $51.00 price target on shares of United Parks & Resorts in a report on Wednesday, August 5th. UBS Group reaffirmed a “neutral” rating and issued a $45.00 price target on shares of United Parks & Resorts in a research note on Monday, June 15th. Finally, Northcoast Research began coverage on shares of United Parks & Resorts in a report on Wednesday, July 8th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parks & Resorts presently has an average rating of “Hold” and an average price target of $47.30.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $42.47 on Friday. United Parks & Resorts Inc. has a 52-week low of $28.77 and a 52-week high of $56.95. The business’s 50 day simple moving average is $45.63 and its two-hundred day simple moving average is $39.49. The firm has a market cap of $1.93 billion, a P/E ratio of 16.72, a PEG ratio of 3.99 and a beta of 1.16.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $492.10 million. During the same quarter in the prior year, the firm earned $1.45 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. On average, equities 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.