Jump Financial LLC Acquires New Shares in United Parks & Resorts Inc. $PRKS

Key Points

• Jump Financial LLC has acquired a new position in United Parks & Resorts Inc. by purchasing 24,656 shares valued at approximately $1,121,000.
• United Parks & Resorts reported quarterly earnings of $1.45 EPS, missing analysts' expectations of $1.76 EPS, with revenue for the quarter at $490.21 million, down 1.5% from the previous year.
• Analysts have issued mixed ratings on the stock, with a consensus rating of "Hold" and a target price of $56.91, indicating cautious sentiment among investors.

Jump Financial LLC acquired a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 24,656 shares of the company's stock, valued at approximately $1,121,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new position in shares of United Parks & Resorts during the 1st quarter valued at approximately $375,000. Bank of America Corp DE boosted its position in shares of United Parks & Resorts by 40.8% during the 4th quarter. Bank of America Corp DE now owns 915,918 shares of the company's stock valued at $51,465,000 after acquiring an additional 265,322 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of United Parks & Resorts during the 4th quarter valued at approximately $571,000. Northern Trust Corp boosted its position in shares of United Parks & Resorts by 3.2% during the 4th quarter. Northern Trust Corp now owns 334,839 shares of the company's stock valued at $18,815,000 after acquiring an additional 10,484 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of United Parks & Resorts by 15.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock valued at $255,575,000 after acquiring an additional 599,043 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PRKS shares. Zacks Research upgraded United Parks & Resorts from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 26th. Citigroup increased their target price on United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Guggenheim dropped their price objective on shares of United Parks & Resorts from $74.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Mizuho lifted their price objective on shares of United Parks & Resorts from $44.00 to $46.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 13th. Finally, Barclays dropped their price objective on shares of United Parks & Resorts from $50.00 to $49.00 and set an "equal weight" rating for the company in a research note on Friday, July 11th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $57.73.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS traded down $0.18 on Thursday, hitting $53.77. 357,046 shares of the company's stock were exchanged, compared to its average volume of 855,089. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 14.37 and a beta of 1.34. The business's 50 day simple moving average is $49.98 and its two-hundred day simple moving average is $47.50.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its 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). United Parks & Resorts had a negative return on equity of 47.59% and a net margin of 12.39%.The business had revenue of $490.21 million for the quarter, compared to the consensus estimate of $505.20 million. During the same quarter last year, the business posted $1.46 earnings per share. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts forecast that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

United Parks & Resorts Company 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.