88,678 Shares in United Parks & Resorts Inc. (NYSE:PRKS) Acquired by Raymond James & Associates

Raymond James & Associates acquired a new position in United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 88,678 shares of the company’s stock, valued at approximately $4,487,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC bought a new stake in United Parks & Resorts during the 3rd quarter valued at $25,000. Exchange Traded Concepts LLC bought a new stake in United Parks & Resorts during the 3rd quarter valued at $28,000. Blue Trust Inc. bought a new stake in United Parks & Resorts during the 3rd quarter valued at $30,000. nVerses Capital LLC bought a new stake in United Parks & Resorts during the 3rd quarter valued at $304,000. Finally, Handelsbanken Fonder AB bought a new stake in United Parks & Resorts during the 3rd quarter valued at $390,000.

Wall Street Analyst Weigh In

PRKS has been the topic of several recent research reports. 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 research report on Friday, October 18th. Mizuho dropped their target price on United Parks & Resorts from $46.00 to $45.00 and set an “underperform” rating on the stock in a research report on Monday, October 28th. B. Riley reaffirmed a “buy” rating and set a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. The Goldman Sachs Group lowered United Parks & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $63.00 to $53.00 in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, United Parks & Resorts has a consensus rating of “Moderate Buy” and an average target price of $62.70.

Insider Buying and Selling

In related news, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction on 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 legal filing with the SEC, which is available at this link. In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of United Parks & Resorts stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the transaction, the insider now owns 85,463 shares in the company, valued at approximately $4,524,411.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 transaction, the insider now owns 722 shares of the company’s stock, valued at $35,695.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,366 shares of company stock worth $1,938,984 in the last 90 days. Insiders own 1.10% of the company’s stock.

United Parks & Resorts Price Performance

Shares of PRKS stock opened at $52.57 on Friday. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 13.73 and a beta of 2.00. The business has a fifty day moving average of $51.21 and a 200 day moving average of $51.62. United Parks & Resorts Inc. has a 1 year low of $42.77 and a 1 year high of $60.36.

United Parks & Resorts (NYSE:PRKS) last issued 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 revenue was up .3% on a year-over-year basis. During the same quarter last year, the business earned $1.35 EPS. As a group, equities research analysts expect that United Parks & Resorts Inc. will post 4.23 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.