Y Intercept Hong Kong Ltd Acquires Shares of 4,197 United Parks & Resorts Inc. (NYSE:PRKS)

Y Intercept Hong Kong Ltd bought a new position in United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,197 shares of the company’s stock, valued at approximately $212,000.

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

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $55.30 on Thursday. The stock has a market cap of $3.04 billion, a PE ratio of 13.86 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 firm’s 50-day simple moving average is $55.56 and its 200 day simple moving average is $52.93.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.15). The company 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%. United Parks & Resorts’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 EPS. As a group, analysts predict that United Parks & Resorts Inc. will post 3.97 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the completion of the transaction, the insider now owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Mikolaichik bought 34,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost 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 in the company, valued at $4,369,336.43. This trade represents a 80.44 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. B. Riley reissued a “buy” rating and set a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. Truist Financial increased their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Mizuho reissued an “underperform” rating and issued a $43.00 price objective (down previously from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Macquarie dropped their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, United Parks & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $62.60.

About United Parks & Resorts

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.