Janney Montgomery Scott LLC purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,251 shares of the company's stock, valued at approximately $375,000.
Other hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its stake in United Parks & Resorts by 267.8% during the 4th 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 last quarter. GAMMA Investing LLC boosted its stake in United Parks & Resorts by 3,233.3% during the 1st 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 last quarter. Schechter Investment Advisors LLC acquired a new position in United Parks & Resorts during the 4th quarter valued at about $209,000. Mariner LLC acquired a new position in United Parks & Resorts during the 4th quarter valued at about $214,000. Finally, Fox Run Management L.L.C. acquired a new position in United Parks & Resorts during the 4th quarter valued at about $235,000.
United Parks & Resorts Trading Up 0.2%
Shares of NYSE:PRKS traded up $0.11 during mid-day trading on Tuesday, reaching $49.08. The company had a trading volume of 599,637 shares, compared to its average volume of 877,365. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 2.49 and a beta of 1.44. The company's 50-day moving average price is $45.92 and its 200-day moving average price is $48.57. United Parks & Resorts Inc. has a one year low of $37.68 and a one year high of $60.83.
United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). United Parks & Resorts had a net margin of 12.98% and a negative return on equity of 51.46%. The business had revenue of $286.95 million for the quarter, compared to the consensus estimate of $294.28 million. During the same period in the previous year, the firm earned ($0.17) EPS. The company's revenue was down 3.5% compared to the same quarter last year. On average, research analysts anticipate that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on PRKS shares. JPMorgan Chase & Co. cut their price target on United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th. Stifel Nicolaus cut their target price on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Guggenheim boosted their target price on United Parks & Resorts from $72.00 to $74.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Barclays started coverage on United Parks & Resorts in a research note on Friday, March 14th. They issued an "equal weight" rating and a $50.00 target price on the stock. Finally, UBS Group started coverage on United Parks & Resorts in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $57.85.
View Our Latest Stock Analysis on PRKS
United Parks & Resorts Profile
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Free Report)
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.
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