ABS Direct Equity Fund LLC Has $2.73 Million Position in United Parks & Resorts Inc. (NYSE:PRKS)

ABS Direct Equity Fund LLC cut its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 14.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the company's stock after selling 10,000 shares during the period. United Parks & Resorts makes up 3.6% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 10th biggest holding. ABS Direct Equity Fund LLC owned 0.11% of United Parks & Resorts worth $2,728,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PRKS. Envestnet Asset Management Inc. boosted its holdings in shares of United Parks & Resorts by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock worth $2,976,000 after buying an additional 258 shares during the period. LPL Financial LLC boosted its stake in United Parks & Resorts by 7.0% during the 4th quarter. LPL Financial LLC now owns 5,316 shares of the company's stock valued at $299,000 after purchasing an additional 350 shares during the period. Cannon Global Investment Management LLC grew its holdings in United Parks & Resorts by 5.9% in the 4th quarter. Cannon Global Investment Management LLC now owns 13,235 shares of the company's stock valued at $744,000 after buying an additional 735 shares during the last quarter. Victory Capital Management Inc. increased its position in United Parks & Resorts by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 16,283 shares of the company's stock worth $915,000 after buying an additional 1,021 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of United Parks & Resorts by 2.5% during the first quarter. Rhumbline Advisers now owns 49,738 shares of the company's stock worth $2,261,000 after buying an additional 1,190 shares during the last quarter.

United Parks & Resorts Price Performance

Shares of United Parks & Resorts stock traded down $1.43 during midday trading on Friday, hitting $41.01. 603,064 shares of the company were exchanged, compared to its average volume of 884,974. The firm has a 50 day simple moving average of $44.76 and a 200-day simple moving average of $49.83. The firm has a market cap of $2.25 billion, a P/E ratio of 10.28 and a beta of 1.44. United Parks & Resorts Inc. has a 52 week low of $37.68 and a 52 week high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced 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). The firm had revenue of $286.95 million for the quarter, compared to analyst estimates of $294.28 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.17) EPS. Equities research analysts expect that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PRKS shares. Macquarie lowered their price objective on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Mizuho raised their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price objective on shares of United Parks & Resorts from $50.00 to $52.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Barclays started coverage on United Parks & Resorts in a research note on Friday, March 14th. They set an "equal weight" rating and a $50.00 price target on the stock. Finally, Stifel Nicolaus reduced their price objective on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $58.38.

About United Parks & Resorts

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.