Intech Investment Management LLC Takes Position in United Parks & Resorts Inc. (NYSE:PRKS)

Intech Investment Management LLC acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 9,626 shares of the company’s stock, valued at approximately $487,000.

Other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in United Parks & Resorts in the 3rd quarter valued at $448,000. River Road Asset Management LLC purchased a new stake in United Parks & Resorts in the 3rd quarter valued at approximately $66,841,000. Perpetual Ltd purchased a new position in United Parks & Resorts in the 3rd quarter valued at about $16,862,000. SG Americas Securities LLC purchased a new stake in United Parks & Resorts in the 3rd quarter worth approximately $739,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of United Parks & Resorts in the third quarter worth approximately $27,850,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PRKS. Macquarie dropped their target price 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. B. Riley reissued a “buy” rating and issued a $71.00 price target on shares of United Parks & Resorts in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft lowered their target price on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Finally, Stifel Nicolaus reduced their price objective on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $62.60.

United Parks & Resorts Stock Up 1.0 %

Shares of United Parks & Resorts stock opened at $58.64 on Monday. The business’s 50 day moving average is $53.61 and its 200-day moving average is $52.33. The stock has a market cap of $3.23 billion, a P/E ratio of 14.70 and a beta of 2.00. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.36.

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

Insider Transactions at United Parks & Resorts

In other news, insider George Anthony Taylor sold 23,837 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total value of $1,261,930.78. Following the completion of the transaction, the insider now directly owns 85,463 shares in the company, valued at approximately $4,524,411.22. This trade represents a 21.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yoshikazu Maruyama sold 12,984 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total transaction of $650,108.88. Following the transaction, the director now owns 41,766 shares in the company, valued at $2,091,223.62. This represents a 23.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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.