GSA Capital Partners LLP Increases Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Key Points

• GSA Capital Partners LLP increased its stake in United Parks & Resorts Inc. by 94.4% in the first quarter, acquiring an additional 21,195 shares for a total of 43,639 shares worth approximately $1.98 million.
• Several hedge funds, including Bank of America and National Bank of Canada, have significantly increased their holdings in United Parks & Resorts, indicating growing institutional interest in the company.
• United Parks & Resorts reported earnings of ($0.29) EPS for the last quarter, missing estimates, and their revenue fell by 3.5% compared to the prior year.

GSA Capital Partners LLP increased its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 94.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,639 shares of the company's stock after acquiring an additional 21,195 shares during the quarter. GSA Capital Partners LLP owned about 0.08% of United Parks & Resorts worth $1,984,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of United Parks & Resorts by 3,233.3% during the first quarter. GAMMA Investing LLC now owns 2,500 shares of the company's stock valued at $114,000 after acquiring an additional 2,425 shares in the last quarter. Mariner LLC purchased a new position in shares of United Parks & Resorts during the fourth quarter valued at approximately $214,000. QRG Capital Management Inc. raised its holdings in shares of United Parks & Resorts by 11.3% during the first quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock valued at $204,000 after purchasing an additional 456 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of United Parks & Resorts during the fourth quarter valued at approximately $252,000. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of United Parks & Resorts by 7.4% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company's stock worth $205,000 after acquiring an additional 310 shares during the period.

United Parks & Resorts Trading Down 1.3%

Shares of NYSE PRKS traded down $0.62 during trading hours on Friday, hitting $46.71. 421,373 shares of the company traded hands, compared to its average volume of 838,977. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 12.49 and a beta of 1.44. The company's 50 day moving average price is $46.64 and its 200 day moving average price is $47.78. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06). The company had revenue of $286.95 million for the quarter, compared to the consensus estimate of $294.28 million. United Parks & Resorts had a net margin of 12.98% and a negative return on equity of 51.46%. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.17) EPS. Equities analysts anticipate that United Parks & Resorts Inc. will post 3.95 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup lifted their price objective on United Parks & Resorts from $48.00 to $50.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Truist Financial dropped their target price on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus dropped their target price on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Barclays dropped their target price on shares of United Parks & Resorts from $50.00 to $49.00 and set an "equal weight" rating for the company in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $57.38.

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.