United Parks & Resorts Inc. $PRKS Shares Acquired by Raymond James Financial Inc.

Key Points

• Raymond James Financial raised its stake in United Parks & Resorts by 1.2%, owning 545,638 shares valued at approximately $24.8 million.
• United Parks & Resorts recently reported earnings per share of $1.45, missing analysts' expectations of $1.76, with revenue down 1.5% year-over-year.
• Analysts maintain a consensus rating of "Hold" for United Parks & Resorts, with an average target price of $56.91.

Raymond James Financial Inc. grew its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 545,638 shares of the company's stock after purchasing an additional 6,544 shares during the period. Raymond James Financial Inc. owned 0.99% of United Parks & Resorts worth $24,805,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PRKS. Barrow Hanley Mewhinney & Strauss LLC boosted its stake 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 worth $255,575,000 after purchasing an additional 599,043 shares during the last quarter. Bank of America Corp DE boosted its stake 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 worth $51,465,000 after purchasing an additional 265,322 shares during the last quarter. Nuveen LLC acquired a new stake in shares of United Parks & Resorts during the 1st quarter worth about $6,191,000. JCP Investment Management LLC acquired a new stake in shares of United Parks & Resorts during the 4th quarter worth about $5,608,000. Finally, Bwcp LP boosted its stake in shares of United Parks & Resorts by 11.5% during the 4th quarter. Bwcp LP now owns 412,064 shares of the company's stock worth $23,154,000 after purchasing an additional 42,624 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have issued reports on PRKS. JPMorgan Chase & Co. decreased their price target on shares of United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th. 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. Mizuho upped their price objective on shares of United Parks & Resorts from $44.00 to $46.00 and gave the company an "underperform" rating in a research note on Wednesday, August 13th. 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. Finally, Citigroup upped their price objective on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, United Parks & Resorts has an average rating of "Hold" and an average price target of $56.91.

United Parks & Resorts Stock Up 1.8%

Shares of NYSE PRKS traded up $0.92 during midday trading on Friday, hitting $52.48. The stock had a trading volume of 535,509 shares, compared to its average volume of 931,070. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 14.03 and a beta of 1.34. United Parks & Resorts Inc. has a 1-year low of $37.68 and a 1-year high of $60.83. The company has a fifty day moving average price of $49.51 and a 200 day moving average price of $47.42.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $490.21 million during the quarter, compared to analyst estimates of $505.20 million. United Parks & Resorts had a net margin of 12.39% and a negative return on equity of 47.59%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, research analysts forecast that United Parks & Resorts Inc. will post 3.95 EPS for the current year.

United Parks & Resorts 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.