Public Employees Retirement System of Ohio Buys New Stake in United Parks & Resorts Inc. (NYSE:PRKS)

Public Employees Retirement System of Ohio bought a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 629 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Hexagon Capital Partners LLC acquired a new stake in shares of United Parks & Resorts in the third quarter worth $25,000. Exchange Traded Concepts LLC bought a new stake in United Parks & Resorts in the 3rd quarter valued at $28,000. Blue Trust Inc. acquired a new stake in United Parks & Resorts in the 3rd quarter worth $30,000. KBC Group NV acquired a new stake in United Parks & Resorts in the 3rd quarter worth $54,000. Finally, Amalgamated Bank bought a new position in shares of United Parks & Resorts during the 3rd quarter worth about $65,000.

Wall Street Analysts Forecast Growth

PRKS has been the topic of a number of recent research reports. Macquarie decreased their target price on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Citigroup boosted their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. B. Riley reiterated a “buy” rating and set a $71.00 price target on shares of United Parks & Resorts in a research note on Monday, October 7th. Finally, Mizuho reissued an “underperform” rating and issued a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

United Parks & Resorts Stock Performance

PRKS opened at $54.08 on Monday. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 13.55 and a beta of 2.00. The firm’s 50-day simple moving average is $55.70 and its 200-day simple moving average is $52.94. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.15). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The firm 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 posted $1.92 earnings per share. United Parks & Resorts’s quarterly revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parks & Resorts Inc. will post 3.97 EPS for the current fiscal year.

Insider Activity at United Parks & Resorts

In related news, insider James Mikolaichik acquired 34,000 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the transaction, the insider now owns 76,267 shares of the company’s stock, valued at $4,369,336.43. The trade was a 80.44 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher L. Finazzo sold 13,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the completion of the transaction, the insider now directly owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

United Parks & Resorts Company 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.