United Parks & Resorts Inc. (NYSE:PRKS) Shares Sold by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC reduced its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 14.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 60,000 shares of the company's stock after selling 10,000 shares during the quarter. United Parks & Resorts comprises approximately 3.6% of ABS Direct Equity Fund LLC's holdings, making the stock its 10th largest holding. ABS Direct Equity Fund LLC owned 0.11% of United Parks & Resorts worth $2,728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of United Parks & Resorts during the 4th quarter worth about $321,000. Bank of New York Mellon Corp raised its holdings in shares of United Parks & Resorts by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 139,536 shares of the company's stock worth $7,841,000 after buying an additional 4,945 shares during the period. K.J. Harrison & Partners Inc lifted its stake in shares of United Parks & Resorts by 33.3% during the 4th quarter. K.J. Harrison & Partners Inc now owns 40,000 shares of the company's stock worth $2,302,000 after acquiring an additional 10,000 shares during the last quarter. Schechter Investment Advisors LLC purchased a new position in United Parks & Resorts during the 4th quarter valued at $209,000. Finally, Steward Partners Investment Advisory LLC grew its position in United Parks & Resorts by 267.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after acquiring an additional 1,339 shares during the last quarter.

United Parks & Resorts Trading Up 1.8%

Shares of PRKS traded up $0.75 during trading hours on Wednesday, hitting $42.63. The company had a trading volume of 386,818 shares, compared to its average volume of 879,636. The company has a market capitalization of $2.34 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.12 and a beta of 1.44. United Parks & Resorts Inc. has a one year low of $37.68 and a one year high of $60.83. The company's fifty day moving average price is $44.77 and its two-hundred day moving average price is $49.60.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). United Parks & Resorts had a negative return on equity of 51.46% and a net margin of 12.98%. The firm had revenue of $286.95 million during the quarter, compared to the consensus estimate of $294.28 million. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts forecast that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PRKS. Barclays started coverage on United Parks & Resorts in a research report on Friday, March 14th. They set an "equal weight" rating and a $50.00 target price for the company. Stifel Nicolaus dropped their target price on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Guggenheim lifted their price target on shares of United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price objective on 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. Finally, Truist Financial reduced their price objective on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $57.85.

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.