Interval Partners LP Has $9 Million Stock Position in United Parks & Resorts Inc. $PRKS

Interval Partners LP boosted its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 753.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 174,059 shares of the company’s stock after purchasing an additional 153,659 shares during the period. Interval Partners LP’s holdings in United Parks & Resorts were worth $8,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in United Parks & Resorts during the third quarter worth about $19,209,000. ING Groep NV bought a new position in shares of United Parks & Resorts in the third quarter valued at approximately $18,095,000. Melqart Asset Management UK Ltd acquired a new position in shares of United Parks & Resorts in the 3rd quarter worth approximately $15,519,000. Vanguard Group Inc. grew its position in United Parks & Resorts by 9.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,994,579 shares of the company’s stock worth $154,820,000 after acquiring an additional 256,367 shares during the last quarter. Finally, Norges Bank bought a new stake in United Parks & Resorts during the 2nd quarter worth approximately $12,019,000.

Insider Transactions at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 7,200 shares of United Parks & Resorts stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $35.12, for a total value of $252,864.00. Following the completion of the sale, the insider directly owned 138,285 shares in the company, valued at $4,856,569.20. This trade represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PRKS. Citigroup cut their price objective on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Guggenheim decreased their target price on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Mizuho lowered their target price on United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating for the company in a research note on Monday, March 2nd. Truist Financial reduced their price target on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Finally, Zacks Research raised shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, United Parks & Resorts presently has an average rating of “Hold” and an average target price of $46.40.

United Parks & Resorts Stock Performance

NYSE:PRKS opened at $30.89 on Friday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 2.15 and a beta of 1.18. The stock’s fifty day moving average price is $35.83 and its two-hundred day moving average price is $41.27. United Parks & Resorts Inc. has a 52-week low of $29.62 and a 52-week high of $56.95.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.18). The firm had revenue of $373.55 million during the quarter, compared to analyst estimates of $375.87 million. United Parks & Resorts had a net margin of 10.13% and a negative return on equity of 41.63%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the business posted $0.50 earnings per share. On average, equities analysts predict that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

United Parks & Resorts Company 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.