51,024 Shares in United Parks & Resorts Inc. $PRKS Acquired by Legal & General Group Plc

Key Points

• Legal & General Group Plc acquired 51,024 shares of United Parks & Resorts in the second quarter, worth approximately $2.44 million and representing about 0.11% of the company.
• United Parks & Resorts reported quarterly EPS of $1.34, missing estimates of $1.67, while revenue of $483.32 million also fell short of expectations and declined 1.4% year over year.
• Analysts maintain a consensus “Hold” rating, with a $47.30 average price target; PRKS recently opened at $40.28, below the consensus target.

Legal & General Group Plc acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 51,024 shares of the company's stock, valued at approximately $2,436,000. Legal & General Group Plc owned approximately 0.11% of United Parks & Resorts as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PRKS. Hawk Ridge Capital Management LP purchased a new position in United Parks & Resorts in the 1st quarter worth about $51,094,000. Hsbc Holdings PLC purchased a new stake in United Parks & Resorts during the fourth quarter valued at about $1,416,000. BlackRock Inc. purchased a new stake in United Parks & Resorts during the second quarter valued at about $171,560,000. Invenomic Capital Management LP boosted its holdings in shares of United Parks & Resorts by 624.8% in the fourth quarter. Invenomic Capital Management LP now owns 309,008 shares of the company's stock worth $11,217,000 after buying an additional 266,375 shares during the period. Finally, Engine Capital Management LP boosted its holdings in shares of United Parks & Resorts by 20.8% in the first quarter. Engine Capital Management LP now owns 1,034,414 shares of the company's stock worth $33,784,000 after buying an additional 178,017 shares during the period.

United Parks & Resorts Price Performance

NYSE PRKS opened at $40.28 on Friday. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 3.80 and a beta of 1.14. The company has a 50 day simple moving average of $45.00 and a 200-day simple moving average of $39.65. United Parks & Resorts Inc. has a 52-week low of $28.77 and a 52-week high of $56.95.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($0.33). The company had revenue of $483.32 million for the quarter, compared to analysts' expectations of $492.10 million. United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 earnings per share. On average, analysts predict that United Parks & Resorts Inc. will post 2.85 EPS for the current year.

Insider Activity

In other United Parks & Resorts news, insider Christopher 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 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 trade represents a 5.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of United Parks & Resorts from $39.00 to $44.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Citizens Jmp assumed coverage on shares of United Parks & Resorts in a research note on Monday, June 29th. They issued a "market perform" rating for the company. Northcoast Research started coverage on shares of United Parks & Resorts in a research report on Wednesday, July 8th. They set a "neutral" rating on the stock. Barclays boosted their target price on shares of United Parks & Resorts from $37.00 to $41.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. Finally, Guggenheim increased their target price on United Parks & Resorts from $51.00 to $54.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. 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. According to MarketBeat, United Parks & Resorts presently has an average rating of "Hold" and a consensus price target of $47.30.

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.

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