United Parks & Resorts Inc. (NYSE:PRKS) Shares Acquired by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC increased its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,074 shares of the company’s stock after acquiring an additional 3,262 shares during the quarter. Hunter Associates Investment Management LLC owned about 0.05% of United Parks & Resorts worth $1,690,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Hill Path Capital LP purchased a new stake in shares of United Parks & Resorts in the third quarter valued at about $1,376,588,000. Simcoe Capital Management LLC purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $110,983,000. Goldentree Asset Management LP acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $71,882,000. River Road Asset Management LLC purchased a new stake in shares of United Parks & Resorts during the 3rd quarter valued at approximately $66,841,000. Finally, HG Vora Capital Management LLC acquired a new position in United Parks & Resorts in the third quarter valued at approximately $65,780,000.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PRKS. Mizuho reissued an “underperform” rating and set a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Truist Financial raised their price objective on 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 shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Macquarie dropped their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Finally, B. Riley restated a “buy” rating and issued a $71.00 price objective on shares of United Parks & Resorts in a report on Monday, October 7th. 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.60.

United Parks & Resorts Stock Up 1.9 %

United Parks & Resorts stock opened at $52.71 on Friday. The firm has a market cap of $2.90 billion, a PE ratio of 13.21 and a beta of 1.99. The company’s 50 day moving average is $55.82 and its two-hundred day moving average is $53.34. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.83.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The firm had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 EPS. On average, equities research analysts anticipate that United Parks & Resorts Inc. will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider James Mikolaichik acquired 34,000 shares of United Parks & Resorts stock in a transaction on Monday, November 18th. The stock was bought at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the purchase, the insider now owns 76,267 shares in the company, valued at $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the sale, the insider now directly owns 132,439 shares of the company’s stock, valued at $7,366,257.18. The trade was a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

About United Parks & Resorts

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.