Janney Montgomery Scott LLC Takes Position in United Parks & Resorts Inc. (NYSE:PRKS)

Janney Montgomery Scott LLC purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,251 shares of the company's stock, valued at approximately $375,000.

Other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its position in United Parks & Resorts by 267.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after purchasing an additional 1,339 shares during the period. GAMMA Investing LLC lifted its position in 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 purchasing an additional 2,425 shares during the period. Schechter Investment Advisors LLC bought a new position in United Parks & Resorts during the fourth quarter valued at approximately $209,000. Mariner LLC bought a new position in United Parks & Resorts during the fourth quarter valued at approximately $214,000. Finally, Fox Run Management L.L.C. bought a new position in United Parks & Resorts during the fourth quarter valued at approximately $235,000.

Wall Street Analysts Forecast Growth

PRKS has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of United Parks & Resorts from $50.00 to $52.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Truist Financial lowered their price objective on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Citigroup lowered their price objective on shares of United Parks & Resorts from $49.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Barclays initiated coverage on shares of United Parks & Resorts in a research report on Friday, March 14th. They set an "equal weight" rating and a $50.00 price objective on the stock. Finally, Guggenheim increased their price objective on shares of United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, United Parks & Resorts currently has an average rating of "Hold" and an average price target of $57.85.

United Parks & Resorts Trading Up 9.7%

PRKS opened at $54.20 on Friday. The company has a market capitalization of $2.98 billion, a PE ratio of 14.45, a PEG ratio of 2.49 and a beta of 1.44. United Parks & Resorts Inc. has a 1-year low of $37.68 and a 1-year high of $60.83. The firm's 50 day simple moving average is $45.72 and its two-hundred day simple moving average is $48.68.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.06). The firm 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 firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) earnings per share. Equities analysts forecast that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.