State of Wyoming Invests $699,000 in United Parks & Resorts Inc. $PRKS

State of Wyoming purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,648 shares of the company’s stock, valued at approximately $699,000.

Several other hedge funds also recently added to or reduced their stakes in PRKS. Comerica Bank lifted its position in shares of United Parks & Resorts by 89.4% during the 4th quarter. Comerica Bank now owns 77,662 shares of the company’s stock worth $2,819,000 after buying an additional 36,663 shares during the last quarter. Hawk Ridge Capital Management LP purchased a new position in shares of United Parks & Resorts in the 1st quarter valued at $51,094,000. Hsbc Holdings PLC purchased a new position in shares of United Parks & Resorts in the 4th quarter valued at $1,416,000. Engine Capital Management LP raised its stake in United Parks & Resorts by 96.2% during the 4th quarter. Engine Capital Management LP now owns 856,397 shares of the company’s stock worth $31,087,000 after acquiring an additional 420,000 shares in the last quarter. Finally, Invenomic Capital Management LP raised its stake in United Parks & Resorts by 624.8% during the 4th quarter. Invenomic Capital Management LP now owns 309,008 shares of the company’s stock worth $11,217,000 after acquiring an additional 266,375 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PRKS shares. Weiss Ratings raised shares of United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their target price on United Parks & Resorts from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. UBS Group reissued a “neutral” rating and issued a $45.00 target price on shares of United Parks & Resorts in a report on Monday, June 15th. Citizens Jmp initiated coverage on United Parks & Resorts in a research report on Monday, June 29th. They issued a “market perform” rating for the company. Finally, Zacks Research cut United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $47.30.

Insider Activity at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 6,622 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $44.20, for a total value of $292,692.40. Following the completion of the sale, the insider directly owned 123,663 shares of the company’s stock, valued at approximately $5,465,904.60. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

United Parks & Resorts Price Performance

Shares of United Parks & Resorts stock opened at $44.92 on Monday. The firm’s fifty day simple moving average is $45.86 and its 200-day simple moving average is $38.99. United Parks & Resorts Inc. has a 12 month low of $28.77 and a 12 month high of $56.95. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 4.22 and a beta of 1.16.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The business had revenue of $483.32 million for the quarter, compared to analyst estimates of $492.10 million. During the same quarter in the prior year, the company earned $1.45 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts anticipate that United Parks & Resorts Inc. will post 2.85 earnings per share for the current year.

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.