Tidal Investments LLC Purchases Shares of 8,607 United Parks & Resorts Inc. (NYSE:PRKS)

Tidal Investments LLC acquired a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,607 shares of the company's stock, valued at approximately $484,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in United Parks & Resorts by 40.8% during the fourth quarter. Bank of America Corp DE now owns 915,918 shares of the company's stock worth $51,465,000 after buying an additional 265,322 shares in the last quarter. National Bank of Canada FI lifted its position in shares of United Parks & Resorts by 2,024,910.0% during the 4th quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock valued at $22,757,000 after buying an additional 404,982 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of United Parks & Resorts by 0.9% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company's stock valued at $31,203,000 after buying an additional 4,919 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in United Parks & Resorts during the 4th quarter worth about $30,292,000. Finally, ExodusPoint Capital Management LP lifted its holdings in United Parks & Resorts by 82.5% during the 4th quarter. ExodusPoint Capital Management LP now owns 140,201 shares of the company's stock worth $7,878,000 after purchasing an additional 63,385 shares in the last quarter.

Insiders Place Their Bets

In related news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction 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 completion of the sale, the insider now owns 11,050 shares of the company's stock, valued at $540,345. The trade was a 38.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company's stock.

United Parks & Resorts Trading Up 0.6%

NYSE:PRKS traded up $0.28 during trading hours on Tuesday, reaching $43.33. 629,484 shares of the company traded hands, compared to its average volume of 891,388. The business's 50-day moving average price is $44.92 and its two-hundred day moving average price is $50.62. The stock has a market capitalization of $2.38 billion, a P/E ratio of 10.86 and a beta of 1.51. United Parks & Resorts Inc. has a 1 year low of $37.68 and a 1 year high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). The business had revenue of $286.95 million during the quarter, compared to the consensus estimate of $294.28 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.17) EPS. As a group, equities analysts anticipate that United Parks & Resorts Inc. will post 3.95 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group started coverage on United Parks & Resorts in a report on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th. Stifel Nicolaus decreased their price target on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Mizuho lifted their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a research report on Thursday, February 27th. Finally, Truist Financial lowered their target price 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $58.38.

About United Parks & Resorts

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.