T. Rowe Price Investment Management Inc. Has $52.57 Million Position in United Parks & Resorts Inc. $PRKS

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in United Parks & Resorts Inc. by 9.6%, now owning 1,156,400 shares valued at approximately $52.57 million.
• Analysts have set a consensus price target of $56.91 for United Parks & Resorts, with mixed ratings including five "Buy," five "Hold," and one "Sell" rating.
• United Parks & Resorts reported $1.45 EPS for the last quarter, missing the consensus estimate by $0.31, alongside a revenue of $490.21 million, which was below expectations.

T. Rowe Price Investment Management Inc. increased its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 9.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,156,400 shares of the company's stock after buying an additional 101,374 shares during the period. T. Rowe Price Investment Management Inc. owned 2.10% of United Parks & Resorts worth $52,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in United Parks & Resorts in the 1st quarter worth $31,000. GAMMA Investing LLC lifted its holdings in shares of United Parks & Resorts by 3,233.3% during the first quarter. GAMMA Investing LLC now owns 2,500 shares of the company's stock valued at $114,000 after purchasing an additional 2,425 shares during the last quarter. Mariner LLC bought a new stake in shares of United Parks & Resorts during the fourth quarter valued at approximately $214,000. QRG Capital Management Inc. raised its holdings in United Parks & Resorts by 11.3% during the first quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock valued at $204,000 after acquiring an additional 456 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new stake in United Parks & Resorts in the 4th quarter worth $252,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PRKS shares. Zacks Research raised shares of United Parks & Resorts from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Citigroup boosted their target price on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Guggenheim decreased their target price on shares of United Parks & Resorts from $74.00 to $67.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Stifel Nicolaus decreased 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. Finally, Morgan Stanley decreased their price target on United Parks & Resorts from $52.00 to $50.00 and set an "equal weight" rating for the company in a research note on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $56.91.

United Parks & Resorts Stock Performance

NYSE:PRKS traded down $0.28 during mid-day trading on Thursday, hitting $51.83. 142,710 shares of the stock were exchanged, compared to its average volume of 850,459. The firm's 50-day simple moving average is $49.16 and its 200 day simple moving average is $47.48. United Parks & Resorts Inc. has a fifty-two week low of $37.68 and a fifty-two week high of $60.83. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 13.84 and a beta of 1.48.

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

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.