R Squared Ltd Invests $72,000 in United Parks & Resorts Inc. (NYSE:PRKS)

R Squared Ltd acquired a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,280 shares of the company’s stock, valued at approximately $72,000.

Several other large investors also recently added to or reduced their stakes in the stock. KBC Group NV lifted its holdings in shares of United Parks & Resorts by 60.2% in the 4th quarter. KBC Group NV now owns 1,698 shares of the company’s stock worth $95,000 after buying an additional 638 shares during the period. SG Americas Securities LLC lifted its stake in United Parks & Resorts by 894.2% in the fourth quarter. SG Americas Securities LLC now owns 145,250 shares of the company’s stock worth $8,162,000 after acquiring an additional 130,640 shares during the period. Perpetual Ltd grew its holdings in United Parks & Resorts by 37.8% during the 4th quarter. Perpetual Ltd now owns 459,150 shares of the company’s stock worth $25,800,000 after acquiring an additional 125,912 shares in the last quarter. Franklin Resources Inc. purchased a new position in United Parks & Resorts during the 3rd quarter valued at about $246,000. Finally, Virtu Financial LLC purchased a new stake in shares of United Parks & Resorts in the 3rd quarter worth approximately $270,000.

United Parks & Resorts Trading Down 0.4 %

Shares of United Parks & Resorts stock opened at $52.54 on Friday. The firm’s 50 day simple moving average is $55.65 and its two-hundred day simple moving average is $53.29. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.17 and a beta of 1.99. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.83.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (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 analyst estimates of $550.47 million. United Parks & Resorts’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $1.92 earnings per share. On average, sell-side analysts predict that United Parks & Resorts Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PRKS has been the topic of several research reports. Mizuho reissued an “underperform” rating and set a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. Macquarie reduced their price target on 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. B. Riley reaffirmed a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. Truist Financial lifted 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. Finally, Guggenheim decreased their target price on shares of 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. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.60.

Insider Buying and Selling

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

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.