Quest Partners LLC Acquires Shares of 8,845 United Parks & Resorts Inc. (NYSE:PRKS)

Quest Partners LLC bought a new position in United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,845 shares of the company’s stock, valued at approximately $448,000.

A number of other large investors have also modified their holdings of the stock. SG Americas Securities LLC purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $739,000. Handelsbanken Fonder AB acquired a new position in shares of United Parks & Resorts during the third quarter worth $390,000. Hexagon Capital Partners LLC acquired a new stake in United Parks & Resorts during the 3rd quarter valued at $25,000. Perpetual Ltd purchased a new stake in United Parks & Resorts during the 3rd quarter worth $16,862,000. Finally, Inspire Investing LLC acquired a new position in United Parks & Resorts in the 3rd quarter worth $411,000.

United Parks & Resorts Price Performance

United Parks & Resorts stock opened at $56.81 on Friday. The company has a market cap of $3.12 billion, a PE ratio of 14.24 and a beta of 2.00. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.36. The company has a fifty day moving average price of $53.02 and a two-hundred day moving average price of $52.17.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business had revenue of $545.90 million for the quarter, compared to the consensus estimate of $550.47 million. During the same period in the prior year, the company earned $1.92 EPS. United Parks & Resorts’s quarterly revenue was down .4% on a year-over-year basis. Equities research analysts anticipate that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PRKS. Mizuho restated an “underperform” rating and set a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Guggenheim dropped their price objective on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. B. Riley reiterated a “buy” rating and set a $71.00 target price on shares of United Parks & Resorts in a research note on Monday, October 7th. Truist Financial raised their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.60.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the sale, the director now owns 41,766 shares in the company, valued at approximately $2,091,223.62. This trade represents a 23.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider George Anthony Taylor sold 23,837 shares of United Parks & Resorts stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total value of $1,261,930.78. Following the sale, the insider now directly owns 85,463 shares in the company, valued at approximately $4,524,411.22. This trade represents a 21.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,366 shares of company stock worth $1,938,984. 1.10% of the stock is currently owned by company insiders.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.