United Parks & Resorts Inc. $PRKS Shares Purchased by Interval Partners LP

Key Points

• Interval Partners LP boosted its stake in United Parks & Resorts by 753.2% in Q3, buying 153,659 additional shares to hold 174,059 shares (about 0.32% of the company) worth roughly $8.999 million.
• United Parks & Resorts missed Q4 estimates, reporting $0.28 EPS versus $0.46 expected and $373.55M revenue (down 2.8% YoY), with the stock trading around $30.89 and a market cap near $1.5 billion.
• Other institutions increased exposure—Vanguard now owns ~2.995M shares (~$154.8M) and several hedge funds established new positions—while analysts are mixed, giving a consensus "Hold" rating and an average price target of $46.40.

Interval Partners LP lifted its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 753.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,059 shares of the company's stock after purchasing an additional 153,659 shares during the period. Interval Partners LP owned approximately 0.32% of United Parks & Resorts worth $8,999,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PRKS. SG Americas Securities LLC acquired a new position in shares of United Parks & Resorts during the third quarter valued at about $19,209,000. ING Groep NV acquired a new stake in United Parks & Resorts during the third quarter worth about $18,095,000. Melqart Asset Management UK Ltd bought a new position in United Parks & Resorts during the third quarter valued at about $15,519,000. Vanguard Group Inc. increased its stake in United Parks & Resorts by 9.4% during the third quarter. Vanguard Group Inc. now owns 2,994,579 shares of the company's stock valued at $154,820,000 after acquiring an additional 256,367 shares during the period. Finally, Norges Bank acquired a new position in United Parks & Resorts in the 2nd quarter valued at approximately $12,019,000.

United Parks & Resorts Trading Down 0.6%

PRKS stock opened at $30.89 on Friday. United Parks & Resorts Inc. has a 1-year low of $29.62 and a 1-year high of $56.95. The firm has a market cap of $1.50 billion, a P/E ratio of 10.13, a P/E/G ratio of 2.15 and a beta of 1.18. The business's 50 day moving average is $35.83 and its 200-day moving average is $41.27.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.18). The company had revenue of $373.55 million during the quarter, compared to analyst estimates of $375.87 million. United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.The company's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. Sell-side analysts forecast that United Parks & Resorts Inc. will post 3.95 EPS for the current year.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 7,200 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $35.12, for a total transaction of $252,864.00. Following the completion of the transaction, the insider directly owned 138,285 shares in the company, valued at $4,856,569.20. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PRKS shares. Citigroup reduced their price objective on United Parks & Resorts from $40.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. Truist Financial cut their target price on United Parks & Resorts from $61.00 to $47.00 and set a "buy" rating for the company in a research note on Thursday, December 4th. Mizuho reduced their target price on United Parks & Resorts from $28.00 to $27.00 and set an "underperform" rating for the company in a research report on Monday, March 2nd. Weiss Ratings reissued a "sell (d+)" rating on shares of United Parks & Resorts in a report on Monday, December 29th. Finally, Guggenheim reduced their price objective on shares of United Parks & Resorts from $56.00 to $54.00 and set a "buy" rating for the company in a report on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $46.40.

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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