XTX Topco Ltd Makes New $630,000 Investment 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 bought a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,852 shares of the company's stock, valued at approximately $630,000.

Several other hedge funds also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of United Parks & Resorts by 15.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock worth $255,575,000 after purchasing an additional 599,043 shares during the period. Voss Capital LP boosted its position in shares of United Parks & Resorts by 0.4% in the fourth quarter. Voss Capital LP now owns 1,447,500 shares of the company's stock valued at $81,335,000 after acquiring an additional 5,838 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of United Parks & Resorts by 62.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company's stock worth $59,282,000 after buying an additional 404,120 shares in the last quarter. Bank of America Corp DE raised its stake in United Parks & Resorts by 40.8% in the fourth quarter. Bank of America Corp DE now owns 915,918 shares of the company's stock valued at $51,465,000 after purchasing an additional 265,322 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its stake in United Parks & Resorts by 0.3% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 556,918 shares of the company's stock valued at $25,317,000 after acquiring an additional 1,609 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently weighed in on PRKS. Citigroup increased their target price on United Parks & Resorts from $48.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. Barclays lowered their price objective on United Parks & Resorts from $50.00 to $49.00 and set an "equal weight" rating for the company in a research report on Friday, July 11th. Truist Financial lowered their price objective on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus reduced their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley dropped their price target on shares of United Parks & Resorts from $52.00 to $50.00 and set an "equal weight" rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, United Parks & Resorts has a consensus rating of "Hold" and a consensus price target of $57.15.

United Parks & Resorts Stock Performance

Shares of PRKS traded up $3.50 during trading hours on Thursday, hitting $49.66. 2,447,914 shares of the stock were exchanged, compared to its average volume of 857,316. The stock's 50-day moving average price is $46.73 and its two-hundred day moving average price is $47.59. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 13.24 and a beta of 1.48. 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 earnings results on Thursday, August 7th. The company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.76 by ($0.31). The business had revenue of $490.21 million during the quarter, compared to analysts' expectations of $505.20 million. United Parks & Resorts had a net margin of 12.98% and a negative return on equity of 51.46%. United Parks & Resorts's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 EPS. On average, research analysts expect that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

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.