Fox Run Management L.L.C. Raises Stock Position in United Parks & Resorts Inc. $PRKS

Key Points

• Fox Run Management L.L.C. increased its stake in United Parks & Resorts Inc. by 185.2%, holding 11,912 shares valued at approximately $542,000.
• United Parks & Resorts reported $1.45 earnings per share, falling short of estimates, with a revenue of $490.21 million, down 1.5% year-over-year.
• Analyst ratings on PRKS vary, with one sell rating, five hold ratings, and five buy ratings, and an average price target of $56.91.

Fox Run Management L.L.C. boosted its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 185.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,912 shares of the company's stock after purchasing an additional 7,735 shares during the quarter. Fox Run Management L.L.C.'s holdings in United Parks & Resorts were worth $542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in United Parks & Resorts in the first quarter worth about $31,000. Nuveen LLC purchased a new stake in United Parks & Resorts in the first quarter worth about $6,191,000. Invesco Ltd. grew its holdings in United Parks & Resorts by 31.0% in the first quarter. Invesco Ltd. now owns 73,148 shares of the company's stock worth $3,325,000 after purchasing an additional 17,291 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in United Parks & Resorts by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 426,088 shares of the company's stock worth $19,370,000 after purchasing an additional 2,523 shares during the period. Finally, JCP Investment Management LLC grew its holdings in United Parks & Resorts by 47.1% in the first quarter. JCP Investment Management LLC now owns 146,800 shares of the company's stock worth $6,674,000 after purchasing an additional 47,000 shares during the period.

United Parks & Resorts Trading Up 1.6%

PRKS stock traded up $0.7950 on Thursday, hitting $51.2450. The company had a trading volume of 615,328 shares, compared to its average volume of 861,623. United Parks & Resorts Inc. has a 12-month low of $37.68 and a 12-month high of $60.83. The stock's 50-day simple moving average is $48.12 and its 200 day simple moving average is $47.50. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 13.70 and a beta of 1.48.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.31). United Parks & Resorts had a negative return on equity of 47.59% and a net margin of 12.39%.The company had revenue of $490.21 million during the quarter, compared to analysts' expectations of $505.20 million. During the same quarter in the prior year, the business posted $1.46 EPS. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts forecast that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PRKS shares. Guggenheim cut their price objective on shares of United Parks & Resorts from $74.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Barclays cut their price target on shares of United Parks & Resorts from $50.00 to $49.00 and set an "equal weight" rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. cut their price target on shares of United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th. Mizuho increased their price target on shares of United Parks & Resorts from $44.00 to $46.00 and gave the company an "underperform" rating in a report on Wednesday, August 13th. Finally, Morgan Stanley cut their price target on shares of United Parks & Resorts from $52.00 to $50.00 and set an "equal weight" rating on the stock in a report on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $56.91.

United Parks & Resorts 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.