Comerica Bank Grows Stake in United Parks & Resorts Inc. $PRKS

Key Points

• Comerica Bank boosted its stake in United Parks & Resorts by 89.4% to 77,662 shares (about 0.14% ownership) worth $2.82 million after adding 36,663 shares in Q4.
• Q4 results disappointed: United Parks & Resorts reported $0.28 EPS versus $0.46 expected and revenue of $373.6M vs. $375.9M, with revenue down 2.8% year‑over‑year and a negative return on equity of 41.6%.
• Analyst sentiment is mixed—consensus is a Hold with a $47.50 price target (4 Buy / 5 Hold / 3 Sell), though firms have diverged recently (e.g., Truist raised its target to $53 and a Buy, while Zacks cut to Strong Sell).

Comerica Bank raised its stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 89.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,662 shares of the company's stock after acquiring an additional 36,663 shares during the quarter. Comerica Bank owned approximately 0.14% of United Parks & Resorts worth $2,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in shares of United Parks & Resorts by 74.3% during the 3rd quarter. CWM LLC now owns 495 shares of the company's stock valued at $26,000 after buying an additional 211 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of United Parks & Resorts by 114.0% during the 3rd quarter. Federated Hermes Inc. now owns 550 shares of the company's stock valued at $28,000 after buying an additional 293 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of United Parks & Resorts by 4.9% during the 2nd quarter. Captrust Financial Advisors now owns 8,999 shares of the company's stock valued at $424,000 after buying an additional 420 shares in the last quarter. Quarry LP purchased a new stake in shares of United Parks & Resorts during the 3rd quarter valued at approximately $28,000. Finally, SkyView Investment Advisors LLC lifted its stake in shares of United Parks & Resorts by 2.9% during the 2nd quarter. SkyView Investment Advisors LLC now owns 20,889 shares of the company's stock valued at $988,000 after buying an additional 589 shares in the last quarter.

United Parks & Resorts Trading Down 4.0%

United Parks & Resorts stock opened at $33.87 on Tuesday. The firm's 50 day simple moving average is $33.90 and its 200 day simple moving average is $36.71. The firm has a market capitalization of $1.65 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 2.67 and a beta of 1.14. United Parks & Resorts Inc. has a 1-year low of $28.77 and a 1-year high of $56.95.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.18). The firm had revenue of $373.55 million for the quarter, compared to the consensus estimate of $375.87 million. United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.The business's revenue was down 2.8% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. Research analysts forecast that United Parks & Resorts Inc. will post 3.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PRKS shares. Weiss Ratings restated a "sell (d+)" rating on shares of United Parks & Resorts in a research note on Friday, March 27th. Truist Financial upped their price target on shares of United Parks & Resorts from $47.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, March 26th. Citigroup dropped their price target on shares of United Parks & Resorts from $40.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, February 5th. Mizuho dropped their price target on shares of United Parks & Resorts from $28.00 to $27.00 and set an "underperform" rating on the stock in a research note on Monday, March 2nd. Finally, Zacks Research cut shares of United Parks & Resorts from a "hold" rating to a "strong sell" rating in a research note on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $47.50.

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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