Janus Henderson Group PLC Acquires New Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Janus Henderson Group PLC bought a new position in United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 18,006 shares of the company’s stock, valued at approximately $911,000.

Several other large investors also recently added to or reduced their stakes in PRKS. HG Vora Capital Management LLC bought a new stake in shares of United Parks & Resorts during the 3rd quarter worth $65,780,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in United Parks & Resorts during the third quarter valued at about $12,225,000. Hill Path Capital LP bought a new stake in United Parks & Resorts during the third quarter worth about $1,376,588,000. Holocene Advisors LP purchased a new position in shares of United Parks & Resorts in the 3rd quarter worth about $6,271,000. Finally, Centiva Capital LP bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $473,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Guggenheim dropped their target price on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. JPMorgan Chase & Co. cut their price objective on shares of 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. Mizuho reaffirmed an “underperform” rating and set a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. B. Riley reissued a “buy” rating and issued a $71.00 price target on shares of United Parks & Resorts in a research note on Monday, October 7th. Finally, Macquarie decreased their price objective on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. One research 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $62.60.

Insider Transactions at United Parks & Resorts

In other news, insider James Mikolaichik bought 34,000 shares of United Parks & Resorts stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares of the company’s stock, valued at approximately $4,369,336.43. The trade was a 80.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

United Parks & Resorts Stock Performance

NYSE PRKS opened at $55.85 on Friday. The stock has a market cap of $3.07 billion, a P/E ratio of 14.00 and a beta of 2.00. United Parks & Resorts Inc. has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The stock has a 50 day simple moving average of $55.10 and a two-hundred day simple moving average of $52.81.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The business had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 EPS. Sell-side analysts predict that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

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.