Quantinno Capital Management LP lifted its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 123.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,562 shares of the company's stock after acquiring an additional 81,093 shares during the quarter. Quantinno Capital Management LP owned approximately 0.31% of United Parks & Resorts worth $4,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orvieto Partners L.P. boosted its holdings in United Parks & Resorts by 6.0% in the first quarter. Orvieto Partners L.P. now owns 177,000 shares of the company's stock valued at $5,781,000 after acquiring an additional 10,000 shares during the last quarter. Sei Investments Co. raised its holdings in United Parks & Resorts by 54.6% during the 1st quarter. Sei Investments Co. now owns 54,578 shares of the company's stock worth $1,783,000 after purchasing an additional 19,266 shares during the last quarter. NewEdge Wealth LLC raised its holdings in United Parks & Resorts by 4.0% during the 1st quarter. NewEdge Wealth LLC now owns 13,323 shares of the company's stock worth $435,000 after purchasing an additional 509 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of United Parks & Resorts by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 133,353 shares of the company's stock worth $4,355,000 after purchasing an additional 2,928 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of United Parks & Resorts by 46,968.7% in the 1st quarter. Fifth Third Bancorp now owns 78,134 shares of the company's stock worth $2,552,000 after purchasing an additional 77,968 shares during the period.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on PRKS shares. Citigroup upped their price objective on shares of United Parks & Resorts from $46.00 to $49.00 and gave the company a "neutral" rating in a research note on Wednesday. Northcoast Research started coverage on shares of United Parks & Resorts in a report on Wednesday, July 8th. They issued a "neutral" rating on the stock. Stifel Nicolaus reaffirmed a "hold" rating and set a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on United Parks & Resorts in a report on Thursday. Finally, Barclays lifted their price objective on United Parks & Resorts from $37.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $48.10.
Read Our Latest Stock Analysis on PRKS
United Parks & Resorts Stock Down 3.8%
NYSE:PRKS opened at $44.30 on Friday. United Parks & Resorts Inc. has a twelve month low of $28.77 and a twelve month high of $56.95. The company has a fifty day moving average of $45.35 and a 200-day moving average of $38.71. The firm has a market capitalization of $2.09 billion, a P/E ratio of 17.44, a P/E/G ratio of 3.68 and a beta of 1.16.
United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.33). The company had revenue of $483.32 million for the quarter, compared to the consensus estimate of $492.10 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The firm's revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 earnings per share. On average, analysts anticipate that United Parks & Resorts Inc. will post 3.35 EPS for the current fiscal year.
Insider Buying and Selling at United Parks & Resorts
In other news, insider Christopher L. Finazzo sold 8,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $36.76, for a total transaction of $294,080.00. Following the transaction, the insider owned 130,285 shares of the company's stock, valued at $4,789,276.60. This represents a 5.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.70% of the company's stock.
About United Parks & Resorts
(
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.
Read More
Want to see what other hedge funds are holding PRKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parks & Resorts Inc. (NYSE:PRKS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider United Parks & Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Parks & Resorts wasn't on the list.
While United Parks & Resorts currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
