50,000 Shares in United Parks & Resorts Inc. $PRKS Bought by ABS Investment Management LLC

ABS Investment Management LLC bought a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 50,000 shares of the company's stock, valued at approximately $2,387,000. United Parks & Resorts accounts for about 0.0% of ABS Investment Management LLC's holdings, making the stock its 14th largest holding. ABS Investment Management LLC owned about 0.11% of United Parks & Resorts at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PRKS. Quarry LP bought a new position in United Parks & Resorts in the 3rd quarter worth $28,000. Rockefeller Capital Management L.P. boosted its holdings in United Parks & Resorts by 183.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company's stock worth $31,000 after buying an additional 551 shares during the period. Group One Trading LLC bought a new position in United Parks & Resorts in the 2nd quarter worth $31,000. Global Retirement Partners LLC bought a new position in United Parks & Resorts in the 2nd quarter worth $31,000. Finally, Arax Advisory Partners bought a new position in United Parks & Resorts in the 4th quarter worth $31,000.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 6,622 shares of the stock in a transaction dated 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 transaction, the insider owned 123,663 shares of the company's stock, valued at $5,465,904.60. This represents a 5.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

PRKS has been the subject of several recent analyst reports. Barclays upped their target price on shares of United Parks & Resorts from $37.00 to $41.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. Zacks Research downgraded shares of United Parks & Resorts from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $40.00 target price (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. The Goldman Sachs Group upped their target price on shares of United Parks & Resorts from $37.00 to $41.00 and gave the stock a "neutral" rating in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 target price on shares of United Parks & Resorts in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, United Parks & Resorts currently has a consensus rating of "Hold" and an average target price of $47.30.

United Parks & Resorts Stock Down 0.0%

PRKS opened at $42.47 on Friday. The firm has a 50-day simple moving average of $45.63 and a two-hundred day simple moving average of $39.49. United Parks & Resorts Inc. has a 52 week low of $28.77 and a 52 week high of $56.95. The company has a market capitalization of $1.93 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16.

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

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.