Deroy & Devereaux Private Investment Counsel Inc. Has $26.06 Million Stake in United Parks & Resorts Inc. $PRKS

Deroy & Devereaux Private Investment Counsel Inc. decreased its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 552,702 shares of the company’s stock after selling 4,216 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in United Parks & Resorts were worth $26,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new position in shares of United Parks & Resorts in the 1st quarter valued at approximately $375,000. Hawk Ridge Capital Management LP grew its holdings in shares of United Parks & Resorts by 21.9% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,740,768 shares of the company’s stock valued at $79,135,000 after purchasing an additional 312,970 shares during the last quarter. Maverick Capital Ltd. grew its holdings in shares of United Parks & Resorts by 85.7% during the 1st quarter. Maverick Capital Ltd. now owns 106,004 shares of the company’s stock valued at $4,819,000 after purchasing an additional 48,935 shares during the last quarter. Comerica Bank grew its holdings in shares of United Parks & Resorts by 158.5% during the 1st quarter. Comerica Bank now owns 22,462 shares of the company’s stock valued at $1,021,000 after purchasing an additional 13,772 shares during the last quarter. Finally, Interval Partners LP bought a new stake in shares of United Parks & Resorts during the 1st quarter valued at approximately $1,424,000.

United Parks & Resorts Stock Performance

NYSE:PRKS opened at $53.62 on Wednesday. The firm’s fifty day moving average is $51.89 and its 200-day moving average is $47.94. United Parks & Resorts Inc. has a 52 week low of $37.68 and a 52 week high of $60.83. The firm has a market cap of $2.95 billion, a P/E ratio of 14.34 and a beta of 1.34.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.31). United Parks & Resorts had a net margin of 12.39% and a negative return on equity of 47.59%. The firm had revenue of $490.21 million during the quarter, compared to the consensus estimate of $505.20 million. During the same period in the prior year, the company posted $1.46 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

United Parks & Resorts announced that its board has approved a share buyback plan on Friday, September 5th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on PRKS. Truist Financial lifted their price target on shares of United Parks & Resorts from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Zacks Research raised shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Citigroup boosted their target price on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of United Parks & Resorts in a report on Wednesday, October 8th. Finally, Stifel Nicolaus reduced their target price on shares of United Parks & Resorts from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.40.

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.