United Parks & Resorts Inc. $PRKS Stock Sold by Penn Capital Management Company LLC

Key Points

• Penn Capital Management cut its United Parks & Resorts stake by 6.7% in the third quarter, selling 35,635 shares; it retained 497,919 shares valued at about $16.2 million.
• United Parks & Resorts reported quarterly EPS of $1.74, below the $1.88 analyst consensus, and revenue of $506.45 million, also short of expectations; revenue fell 1.1% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $45.70; four analysts rate the stock Buy and ten rate it Hold.

Penn Capital Management Company LLC decreased its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 6.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 497,919 shares of the company's stock after selling 35,635 shares during the quarter. Penn Capital Management Company LLC owned 1.10% of United Parks & Resorts worth $16,162,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PRKS. Rockefeller Capital Management L.P. boosted its holdings in United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company's stock worth $31,000 after buying an additional 551 shares in the last quarter. Group One Trading LLC purchased a new position in United Parks & Resorts in the second quarter valued at $31,000. Global Retirement Partners LLC purchased a new position in United Parks & Resorts in the second quarter valued at $31,000. Fortitude Family Office LLC increased its holdings in United Parks & Resorts by 30,580.0% in the third quarter. Fortitude Family Office LLC now owns 1,534 shares of the company's stock valued at $50,000 after buying an additional 1,529 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of United Parks & Resorts in the second quarter worth about $53,000.

Insider Activity at United Parks & Resorts

In related news, insider James Forrester, Jr. sold 1,150 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $35.71, for a total transaction of $41,066.50. Following the completion of the transaction, the insider owned 26,733 shares in the company, valued at $954,635.43. This represents a 4.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS opened at $43.22 on Tuesday. The firm has a market cap of $1.96 billion, a PE ratio of 13.46, a PEG ratio of 3.21 and a beta of 1.22. The firm has a fifty day moving average of $34.48 and a 200 day moving average of $38.09. United Parks & Resorts Inc. has a one year low of $28.77 and a one year high of $50.00.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.14). The company had revenue of $506.45 million for the quarter, compared to analysts' expectations of $511.03 million. United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 earnings per share. On average, equities analysts predict that United Parks & Resorts Inc. will post 2.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PRKS shares. Weiss Ratings lowered shares of United Parks & Resorts from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft set a $55.00 target price on United Parks & Resorts in a research report on Thursday, August 6th. Mizuho set a $51.00 price target on United Parks & Resorts in a research note on Wednesday, August 5th. Citigroup upped their price target on United Parks & Resorts from $34.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Guggenheim upped their price target on United Parks & Resorts from $51.00 to $54.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $45.70.

United Parks & Resorts Profile

United Parks & Resorts Inc is a theme park and entertainment company that owns and operates parks featuring marine life, thrill rides, animal experiences and family attractions. Its portfolio includes the SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place brands, as well as other regional parks.

The company's parks are located primarily in the United States. Its history includes its former identity as SeaWorld Entertainment and SeaWorld Parks & Entertainment; it adopted the United Parks & Resorts name in 2024.

United Parks & Resorts is headquartered in Orlando, Florida.

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