1,280 Shares in United Parks & Resorts Inc. (NYSE:PRKS) Bought by R Squared Ltd

R Squared Ltd acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,280 shares of the company’s stock, valued at approximately $72,000.

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

Insiders Place Their Bets

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Mikolaichik purchased 34,000 shares of United Parks & Resorts stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the purchase, the insider now directly owns 76,267 shares in the company, valued at approximately $4,369,336.43. This trade represents a 80.44 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

United Parks & Resorts Trading Down 0.4 %

United Parks & Resorts stock opened at $52.54 on Friday. The company has a 50-day moving average price of $55.65 and a 200 day moving average price of $53.29. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.83. The stock has a market cap of $2.89 billion, a P/E ratio of 13.17 and a beta of 1.99.

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

Wall Street Analyst Weigh In

PRKS has been the topic of several research analyst reports. Truist Financial lifted their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Mizuho reaffirmed an “underperform” rating and issued a $43.00 price target (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Macquarie reduced their price objective on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Guggenheim lowered their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Finally, B. Riley reiterated a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.60.

United Parks & Resorts 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.