Engine Capital Management LP decreased its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 30.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 363,897 shares of the company's stock after selling 158,560 shares during the quarter. United Parks & Resorts makes up about 3.7% of Engine Capital Management LP's investment portfolio, making the stock its 10th largest position. Engine Capital Management LP owned approximately 0.66% of United Parks & Resorts worth $20,447,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of PRKS. R Squared Ltd acquired a new stake in shares of United Parks & Resorts in the 4th quarter valued at $72,000. KBC Group NV increased its stake in shares of United Parks & Resorts by 60.2% in the 4th quarter. KBC Group NV now owns 1,698 shares of the company's stock valued at $95,000 after buying an additional 638 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of United Parks & Resorts by 267.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after buying an additional 1,339 shares during the period. Schechter Investment Advisors LLC acquired a new stake in shares of United Parks & Resorts during the fourth quarter worth $209,000. Finally, Mariner LLC acquired a new stake in shares of United Parks & Resorts during the fourth quarter worth $214,000.
United Parks & Resorts Trading Up 4.5%
Shares of PRKS stock traded up $2.11 on Monday, hitting $49.29. 1,374,520 shares of the stock were exchanged, compared to its average volume of 888,831. The firm has a market capitalization of $2.71 billion, a P/E ratio of 12.35 and a beta of 1.51. The business has a 50-day moving average of $45.42 and a 200 day moving average of $51.58. United Parks & Resorts Inc. has a fifty-two week low of $37.68 and a fifty-two week high of $60.83.
United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. United Parks & Resorts's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.17) EPS. As a group, research analysts forecast that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Truist Financial decreased their price objective on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, April 14th. UBS Group began coverage on United Parks & Resorts in a research note on Wednesday, April 9th. They set a "neutral" rating and a $49.00 price objective for the company. Macquarie lowered their price target on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Stifel Nicolaus lowered their price target on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Mizuho increased their price target on United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $57.85.
Get Our Latest Report on PRKS
Insider Activity at United Parks & Resorts
In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the sale, the insider now owns 11,050 shares in the company, valued at $540,345. This represents a 38.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company's stock.
United Parks & Resorts Profile
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Free Report)
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.
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