Hunter Associates Investment Management LLC Grows Position in United Parks & Resorts Inc. (NYSE:PRKS)

Hunter Associates Investment Management LLC grew its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 12.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,074 shares of the company’s stock after acquiring an additional 3,262 shares during the period. Hunter Associates Investment Management LLC’s holdings in United Parks & Resorts were worth $1,690,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PRKS. Hexagon Capital Partners LLC acquired a new position in United Parks & Resorts during the third quarter worth $25,000. Exchange Traded Concepts LLC purchased a new position in shares of United Parks & Resorts in the third quarter valued at $28,000. Blue Trust Inc. acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth $30,000. Public Employees Retirement System of Ohio purchased a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $32,000. Finally, KBC Group NV acquired a new stake in United Parks & Resorts in the 3rd quarter valued at about $54,000.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the sale, the insider now owns 132,439 shares in the company, valued at $7,366,257.18. This trade represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Mikolaichik bought 34,000 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the purchase, the insider now directly owns 76,267 shares of the company’s stock, valued at approximately $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

United Parks & Resorts Price Performance

PRKS opened at $52.71 on Friday. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.83. The business has a 50-day moving average of $55.82 and a two-hundred day moving average of $53.34. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 13.21 and a beta of 1.99.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The company had revenue of $545.90 million for the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $1.92 EPS. Equities research analysts anticipate that United Parks & Resorts Inc. will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PRKS shares. Macquarie cut their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Truist Financial upped their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Mizuho reissued an “underperform” rating and set a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. B. Riley restated a “buy” rating and issued a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. Finally, Guggenheim dropped their price objective on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, United Parks & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $62.60.

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.