Handelsbanken Fonder AB Buys New Position in United Parks & Resorts Inc. (NYSE:PRKS)

Handelsbanken Fonder AB bought a new position in United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,700 shares of the company’s stock, valued at approximately $390,000.

Separately, SG Americas Securities LLC bought a new stake in United Parks & Resorts in the 3rd quarter valued at about $739,000.

Insider Activity

In other United Parks & Resorts news, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the transaction, the insider now owns 722 shares in the company, valued at $35,695.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total value of $650,108.88. Following the sale, the director now owns 41,766 shares of the company’s stock, valued at $2,091,223.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total value of $26,944.80. Following the sale, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,366 shares of company stock worth $1,938,984. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PRKS shares. Truist Financial lowered their target price on United Parks & Resorts from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Citigroup increased their price target on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. B. Riley reiterated a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a research note on Monday, October 7th. The Goldman Sachs Group lowered shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. Finally, Stifel Nicolaus reduced their price objective on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.70.

United Parks & Resorts Stock Down 2.5 %

Shares of PRKS stock opened at $49.73 on Tuesday. The firm has a market cap of $2.88 billion, a P/E ratio of 13.14 and a beta of 2.01. The company has a 50 day moving average of $49.72 and a 200-day moving average of $51.89. United Parks & Resorts Inc. has a 12-month low of $40.87 and a 12-month high of $60.36.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). The firm had revenue of $497.60 million during the quarter, compared to analysts’ expectations of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 earnings per share. As a group, equities analysts expect that United Parks & Resorts Inc. will post 4.35 EPS 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.