12,100 Shares in United Parks & Resorts Inc. $PRKS Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in United Parks & Resorts Inc. (NYSE:PRKS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,100 shares of the company’s stock, valued at approximately $395,000.

A number of other institutional investors have also recently made changes to their positions in PRKS. Quarry LP bought a new position in shares of United Parks & Resorts in the third quarter worth approximately $28,000. Sound Income Strategies LLC bought a new stake in United Parks & Resorts during the 4th quarter valued at $25,000. Rockefeller Capital Management L.P. raised its holdings in United Parks & Resorts by 183.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after buying an additional 551 shares during the last quarter. Arax Advisory Partners bought a new stake in United Parks & Resorts during the 4th quarter valued at $31,000. Finally, Empowered Funds LLC purchased a new stake in United Parks & Resorts during the 4th quarter valued at $31,000.

United Parks & Resorts Stock Down 3.7%

Shares of PRKS stock opened at $45.63 on Thursday. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 3.73 and a beta of 1.14. The stock has a fifty day moving average of $41.33 and a 200 day moving average of $37.33. United Parks & Resorts Inc. has a 52 week low of $28.77 and a 52 week high of $56.95.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The company had revenue of $278.29 million for the quarter, compared to analysts’ expectations of $279.92 million. During the same period in the previous year, the firm posted ($0.29) earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities research analysts anticipate that United Parks & Resorts Inc. will post 3.41 earnings per share for the current year.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 8,000 shares of United Parks & Resorts stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $36.76, for a total transaction of $294,080.00. Following the sale, the insider owned 130,285 shares of the company’s stock, valued at approximately $4,789,276.60. The trade was a 5.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PRKS shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, April 10th. UBS Group reiterated a “neutral” rating and set a $45.00 target price on shares of United Parks & Resorts in a report on Monday, June 15th. Northcoast Research assumed coverage on United Parks & Resorts in a research note on Wednesday. They issued a “neutral” rating on the stock. Truist Financial raised their target price on United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Finally, Citigroup initiated coverage on United Parks & Resorts in a report on Monday, June 29th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.00.

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.