Nuveen LLC Acquires Shares of 136,192 United Parks & Resorts Inc. $PRKS

Key Points

• Nuveen LLC has made a new investment in United Parks & Resorts by purchasing 136,192 shares, valued at approximately $6.19 million, which accounts for about 0.25% of the company.
• Wall Street analysts have mixed ratings on United Parks & Resorts, with five analysts giving it a "Buy" rating, five a "Hold," and one a "Sell," while the average target price is set at $56.91.
• The company's recent earnings report showed a miss on earnings per share, reporting $1.45 EPS against an expectation of $1.76, alongside a 1.5% decline in quarterly revenue year-over-year.

Nuveen LLC acquired a new stake in shares of 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 acquired 136,192 shares of the company's stock, valued at approximately $6,191,000. Nuveen LLC owned 0.25% of United Parks & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in United Parks & Resorts during the first quarter valued at $375,000. Bank of America Corp DE boosted its stake in United Parks & Resorts by 40.8% during the fourth quarter. Bank of America Corp DE now owns 915,918 shares of the company's stock valued at $51,465,000 after buying an additional 265,322 shares during the period. Squarepoint Ops LLC purchased a new stake in United Parks & Resorts during the fourth quarter valued at about $571,000. Northern Trust Corp raised its position in United Parks & Resorts by 3.2% during the fourth quarter. Northern Trust Corp now owns 334,839 shares of the company's stock valued at $18,815,000 after purchasing an additional 10,484 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in United Parks & Resorts by 15.2% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock valued at $255,575,000 after purchasing an additional 599,043 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Guggenheim lowered their price target on United Parks & Resorts from $74.00 to $67.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Mizuho raised their price target on United Parks & Resorts from $44.00 to $46.00 and gave the company an "underperform" rating in a research report on Wednesday, August 13th. Barclays lowered their price target on United Parks & Resorts from $50.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Friday, July 11th. Citigroup raised their price target 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. Finally, JPMorgan Chase & Co. lowered their price target on United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 27th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $56.91.

United Parks & Resorts Price Performance

NYSE:PRKS traded down $0.48 during mid-day trading on Thursday, reaching $51.62. 716,990 shares of the company's stock traded hands, compared to its average volume of 944,430. United Parks & Resorts Inc. has a 12-month low of $37.68 and a 12-month high of $60.83. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 13.82 and a beta of 1.48. The company has a 50 day moving average price of $49.34 and a 200-day moving average price of $47.48.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.76 by ($0.31). United Parks & Resorts had a net margin of 12.39% and a negative return on equity of 47.59%. The business had revenue of $490.21 million for the quarter, compared to analysts' expectations of $505.20 million. During the same quarter in the prior year, the firm earned $1.46 EPS. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, analysts forecast that United Parks & Resorts Inc. will post 3.95 EPS for the current 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.