Virtu Financial LLC Invests $270,000 in United Parks & Resorts Inc. (NYSE:PRKS)

Virtu Financial LLC bought a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 5,338 shares of the company’s stock, valued at approximately $270,000.

A number of other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC bought a new stake in United Parks & Resorts in the third quarter valued at $37,472,000. ABS Direct Equity Fund LLC acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $3,542,000. Barclays PLC bought a new stake in United Parks & Resorts in the 3rd quarter valued at about $18,222,000. Public Employees Retirement System of Ohio bought a new stake in United Parks & Resorts in the 3rd quarter valued at about $32,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in United Parks & Resorts during the 3rd quarter worth approximately $212,000.

Insider Buying and Selling

In related news, insider James Mikolaichik purchased 34,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $57.29 per share, with a total value of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This trade represents a 80.44 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the transaction, the insider now directly owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Guggenheim decreased their price objective on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Truist Financial lifted their price target 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. Macquarie lowered their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Mizuho reiterated an “underperform” rating and set a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. Finally, Citigroup upped 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 Wednesday, September 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

United Parks & Resorts Price Performance

PRKS opened at $57.68 on Wednesday. United Parks & Resorts Inc. has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The firm has a market capitalization of $3.17 billion, a P/E ratio of 14.38 and a beta of 2.00. The company’s 50-day moving average is $55.26 and its 200 day moving average is $52.87.

United Parks & Resorts (NYSE:PRKS) last posted its 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 negative return on equity of 76.13% and a net margin of 13.85%. United Parks & Resorts’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. On average, equities research analysts expect that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

United Parks & Resorts 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.