United Parks & Resorts Inc. $PRKS is Voss Capital LP's 6th Largest Position

Key Points

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Voss Capital LP lifted its stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 30.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,895,424 shares of the company's stock after purchasing an additional 447,924 shares during the quarter. United Parks & Resorts comprises 6.6% of Voss Capital LP's portfolio, making the stock its 6th biggest holding. Voss Capital LP owned about 3.45% of United Parks & Resorts worth $86,166,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in shares of United Parks & Resorts by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock worth $2,976,000 after purchasing an additional 258 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of United Parks & Resorts by 7.4% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company's stock worth $205,000 after purchasing an additional 310 shares during the period. LPL Financial LLC boosted its holdings in shares of United Parks & Resorts by 7.0% in the 4th quarter. LPL Financial LLC now owns 5,316 shares of the company's stock worth $299,000 after purchasing an additional 350 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of United Parks & Resorts by 11.3% in the 1st quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock worth $204,000 after purchasing an additional 456 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of United Parks & Resorts in the 1st quarter worth approximately $31,000.

United Parks & Resorts Stock Down 1.7%

Shares of NYSE PRKS opened at $50.88 on Tuesday. The business has a fifty day simple moving average of $47.79 and a two-hundred day simple moving average of $47.45. The firm has a market cap of $2.80 billion, a PE ratio of 13.60 and a beta of 1.48. United Parks & Resorts Inc. has a twelve month low of $37.68 and a twelve month high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.45 earnings per share for the quarter, missing analysts' consensus estimates of $1.76 by ($0.31). The firm had revenue of $490.21 million for the quarter, compared to the consensus estimate of $505.20 million. United Parks & Resorts had a net margin of 12.39% and a negative return on equity of 47.59%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. On average, research analysts expect that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PRKS has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th. Stifel Nicolaus dropped their price objective on United Parks & Resorts from $65.00 to $63.00 and set a "buy" rating for the company in a report on Friday, August 8th. Morgan Stanley dropped their price objective on United Parks & Resorts from $52.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, August 4th. Guggenheim dropped their price objective on United Parks & Resorts from $74.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Finally, Citigroup boosted their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $56.91.

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.

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