Wolverine Trading LLC Buys New Position in United Parks & Resorts Inc. (NYSE:PRKS)

Wolverine Trading LLC purchased a new position in United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, Holdings Channel reports. The fund purchased 27,822 shares of the company’s stock, valued at approximately $1,426,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hexagon Capital Partners LLC bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at approximately $25,000. Exchange Traded Concepts LLC purchased a new position in United Parks & Resorts during the third quarter valued at approximately $28,000. Blue Trust Inc. bought a new position in shares of United Parks & Resorts in the third quarter worth approximately $30,000. KBC Group NV purchased a new stake in shares of United Parks & Resorts in the third quarter worth $54,000. Finally, Amalgamated Bank bought a new stake in shares of United Parks & Resorts during the 3rd quarter valued at $65,000.

United Parks & Resorts Stock Down 0.5 %

PRKS stock opened at $56.65 on Thursday. The firm’s fifty day simple moving average is $54.90 and its two-hundred day simple moving average is $52.73. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 14.20 and a beta of 2.00. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). The firm had revenue of $545.90 million for the quarter, compared to the consensus estimate of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.92 earnings per share. As a group, equities research analysts expect that United Parks & Resorts Inc. will post 3.97 EPS for the current year.

Insider Transactions at United Parks & Resorts

In related news, insider James Mikolaichik acquired 34,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the acquisition, the insider now directly owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This represents a 80.44 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

PRKS has been the subject of several recent analyst reports. Guggenheim dropped 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 report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Macquarie decreased their target price on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Mizuho restated an “underperform” rating and issued a $43.00 price target (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Finally, Truist Financial lifted their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.