Zurcher Kantonalbank Zurich Cantonalbank Buys New Shares in United Parks & Resorts Inc. (NYSE:PRKS)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, according to its most recent filing with the SEC. The firm purchased 9,618 shares of the company’s stock, valued at approximately $487,000.

Several other hedge funds have also recently made changes to their positions in PRKS. Hexagon Capital Partners LLC bought a new stake in shares of United Parks & Resorts during the 3rd quarter valued at about $25,000. Exchange Traded Concepts LLC acquired a new position in United Parks & Resorts in the third quarter valued at approximately $28,000. Blue Trust Inc. bought a new position in shares of United Parks & Resorts during the 3rd quarter worth approximately $30,000. KBC Group NV acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $54,000. Finally, Amalgamated Bank bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $65,000.

Analysts Set New Price Targets

PRKS has been the topic of several research analyst reports. Macquarie cut their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Truist Financial increased their price objective 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. Guggenheim decreased their target price on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Citigroup increased their price target on United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. decreased their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.60.

United Parks & Resorts Trading Up 0.2 %

Shares of United Parks & Resorts stock opened at $59.82 on Friday. The stock has a fifty day simple moving average of $54.47 and a 200 day simple moving average of $52.59. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.83. The company has a market capitalization of $3.29 billion, a P/E ratio of 14.99 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. During the same quarter in the prior year, the company earned $1.92 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts predict that United Parks & Resorts Inc. will post 3.97 EPS for the current year.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider James Mikolaichik bought 34,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the transaction, the insider now directly owns 76,267 shares in the company, valued at $4,369,336.43. This trade represents a 80.44 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

United Parks & Resorts Profile

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.