XTX Topco Ltd Takes Position in United Parks & Resorts Inc. (NYSE:PRKS)

Key Points

• XTX Topco Ltd has invested $630,000 in United Parks & Resorts Inc. by acquiring 13,852 shares during the first quarter.
• United Parks & Resorts posted a loss per share of ($0.29), missing analysts' expectations, and reported a revenue decline of 3.5% year-over-year.
• Equities analysts have lowered price targets for the stock, with an average target price of $57.15 and a consensus "Hold" rating.

XTX Topco Ltd purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,852 shares of the company's stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in United Parks & Resorts by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock valued at $2,976,000 after buying an additional 258 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in United Parks & Resorts by 7.4% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company's stock valued at $205,000 after buying an additional 310 shares in the last quarter. LPL Financial LLC raised its stake in shares of United Parks & Resorts by 7.0% in the fourth quarter. LPL Financial LLC now owns 5,316 shares of the company's stock worth $299,000 after acquiring an additional 350 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of United Parks & Resorts by 11.3% in the first quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock worth $204,000 after acquiring an additional 456 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of United Parks & Resorts by 2.5% in the first quarter. Rhumbline Advisers now owns 49,738 shares of the company's stock worth $2,261,000 after acquiring an additional 1,190 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. 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 research note on Friday. Morgan Stanley dropped their target price on shares of 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. Mizuho dropped their target price on shares of United Parks & Resorts from $45.00 to $44.00 and set an "underperform" rating for the company in a research note on Monday, August 4th. Stifel Nicolaus dropped their target price on shares of United Parks & Resorts from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Friday. Finally, Guggenheim dropped 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 note on Thursday, July 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, United Parks & Resorts presently has an average rating of "Hold" and a consensus target price of $56.73.

United Parks & Resorts Trading Down 1.9%

Shares of PRKS traded down $0.92 on Friday, reaching $48.77. 1,117,657 shares of the company's stock were exchanged, compared to its average volume of 838,976. The stock has a market capitalization of $2.68 billion, a P/E ratio of 13.04 and a beta of 1.48. The business has a 50 day moving average price of $46.81 and a two-hundred day moving average price of $47.56. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its quarterly 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 business had revenue of $490.21 million for the quarter, compared to the consensus estimate of $505.20 million. United Parks & Resorts had a negative return on equity of 45.79% and a net margin of 12.39%. The company's quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. Equities research analysts predict that United Parks & Resorts Inc. will post 3.95 EPS for the current year.

United Parks & Resorts Company 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.