Interval Partners LP Invests $1.42 Million in United Parks & Resorts Inc. $PRKS

Key Points

• Interval Partners LP has invested approximately $1.42 million in United Parks & Resorts Inc., acquiring 31,327 shares of the company's stock.
• Analysts have adjusted price targets for United Parks & Resorts, with Mizuho setting a new objective at $46.00, while Citigroup increased theirs to $55.00.
• In the latest earnings report, United Parks & Resorts reported an EPS of $1.45, missing estimates, along with a 12.39% net margin and a revenue of $490.21 million for the quarter.

Interval Partners LP purchased a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,327 shares of the company's stock, valued at approximately $1,424,000. Interval Partners LP owned approximately 0.06% of United Parks & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Hawk Ridge Capital Management LP boosted its holdings in United Parks & Resorts by 21.9% in the first quarter. Hawk Ridge Capital Management LP now owns 1,740,768 shares of the company's stock worth $79,135,000 after acquiring an additional 312,970 shares in the last quarter. HG Vora Capital Management LLC boosted its holdings in United Parks & Resorts by 180.0% in the first quarter. HG Vora Capital Management LLC now owns 1,400,000 shares of the company's stock worth $63,644,000 after acquiring an additional 900,000 shares in the last quarter. Engine Capital Management LP boosted its holdings in United Parks & Resorts by 0.7% in the first quarter. Engine Capital Management LP now owns 366,397 shares of the company's stock worth $16,656,000 after acquiring an additional 2,500 shares in the last quarter. Breach Inlet Capital Management LLC lifted its holdings in shares of United Parks & Resorts by 75.1% during the first quarter. Breach Inlet Capital Management LLC now owns 398,311 shares of the company's stock worth $18,107,000 after purchasing an additional 170,892 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of United Parks & Resorts by 11.7% during the first quarter. AQR Capital Management LLC now owns 12,220 shares of the company's stock worth $556,000 after purchasing an additional 1,282 shares during the period.

United Parks & Resorts Price Performance

PRKS stock traded up $0.55 during trading on Thursday, hitting $50.86. 298,237 shares of the company traded hands, compared to its average volume of 894,726. The stock's 50-day simple moving average is $50.47 and its 200 day simple moving average is $47.47. The company has a market cap of $2.80 billion, a PE ratio of 13.58 and a beta of 1.34. United Parks & Resorts Inc. has a 1 year low of $37.68 and a 1 year high of $60.83.

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

United Parks & Resorts declared that its Board of Directors has authorized a stock buyback program on Friday, September 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Guggenheim decreased their target price on United Parks & Resorts from $74.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Morgan Stanley decreased their target price on United Parks & Resorts from $52.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, August 4th. Stifel Nicolaus decreased their target price 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. Zacks Research raised United Parks & Resorts from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, Mizuho lifted their target price on United Parks & Resorts from $44.00 to $46.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $57.73.

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.