Dynamic Technology Lab Private Ltd Purchases 10,930 Shares of United Parks & Resorts Inc. $PRKS

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in United Parks & Resorts Inc. by 85.3%, owning 23,740 shares valued at about $1,079,000 by the end of Q1.
• The company's most recent earnings report showed an EPS of $1.45, missing analysts' expectations by ($0.31), with revenue down 1.5% year-over-year.
• United Parks & Resorts has initiated a share buyback program, indicating the board's belief that the stock is undervalued.

Dynamic Technology Lab Private Ltd lifted its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 85.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,740 shares of the company's stock after purchasing an additional 10,930 shares during the period. Dynamic Technology Lab Private Ltd's holdings in United Parks & Resorts were worth $1,079,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of United Parks & Resorts during the 1st quarter worth approximately $31,000. GAMMA Investing LLC raised its stake in shares of United Parks & Resorts by 3,233.3% during the 1st quarter. GAMMA Investing LLC now owns 2,500 shares of the company's stock worth $114,000 after purchasing an additional 2,425 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of United Parks & Resorts by 11.3% during the 1st quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock worth $204,000 after purchasing an additional 456 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of United Parks & Resorts by 7.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company's stock worth $205,000 after purchasing an additional 310 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of United Parks & Resorts during the 4th quarter worth approximately $252,000.

United Parks & Resorts Price Performance

PRKS stock traded up $0.49 during midday trading on Friday, reaching $50.67. 705,007 shares of the company were exchanged, compared to its average volume of 1,116,774. The business has a 50-day moving average price of $50.32 and a two-hundred day moving average price of $47.37. United Parks & Resorts Inc. has a one year low of $37.68 and a one year high of $60.83. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 13.55 and a beta of 1.34.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.76 by ($0.31). The company had revenue of $490.21 million for the quarter, compared to the consensus estimate of $505.20 million. United Parks & Resorts had a negative return on equity of 47.59% and a net margin of 12.39%.The company's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $1.46 earnings per share. As a group, analysts anticipate that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

United Parks & Resorts declared that its board has authorized a stock repurchase program on Friday, September 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

PRKS has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective 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. Guggenheim dropped their price objective on United Parks & Resorts from $74.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Truist Financial increased their price target on United Parks & Resorts from $58.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Stifel Nicolaus cut their price target on United Parks & Resorts from $65.00 to $63.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Zacks Research raised shares of United Parks & Resorts from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 26th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $57.73.

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.