Vanguard Group Inc. Sells 166,668 Shares of United Parks & Resorts Inc. $PRKS

Vanguard Group Inc. decreased its position in United Parks & Resorts Inc. (NYSE:PRKSFree Report) by 5.6% during the 4th quarter, Holdings Channel reports. The firm owned 2,827,911 shares of the company’s stock after selling 166,668 shares during the quarter. Vanguard Group Inc. owned approximately 0.05% of United Parks & Resorts worth $102,653,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PRKS. Nomura Holdings Inc. grew its holdings in shares of United Parks & Resorts by 742.3% in the 3rd quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock worth $231,428,000 after purchasing an additional 3,944,894 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $26,000,000. ING Groep NV bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $18,095,000. Melqart Asset Management UK Ltd bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $15,519,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of United Parks & Resorts by 58.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock worth $30,859,000 after purchasing an additional 251,522 shares during the last quarter.

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United Parks & Resorts Stock Down 3.8%

Shares of NYSE:PRKS opened at $35.15 on Wednesday. United Parks & Resorts Inc. has a 12 month low of $28.77 and a 12 month high of $56.95. The company’s 50-day moving average price is $34.08 and its two-hundred day moving average price is $36.04. The firm has a market cap of $1.68 billion, a P/E ratio of 13.26, a P/E/G ratio of 2.76 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKSGet Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). United Parks & Resorts had a negative return on equity of 35.46% and a net margin of 9.09%.The company had revenue of $278.29 million for the quarter, compared to the consensus estimate of $279.92 million. During the same period in the prior year, the company earned ($0.29) EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. As a group, equities analysts predict that United Parks & Resorts Inc. will post 3.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

PRKS has been the topic of several analyst reports. Zacks Research lowered shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parks & Resorts in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 target price (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday. Finally, Guggenheim lowered their target price on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $47.20.

View Our Latest Stock Analysis on United Parks & Resorts

About United Parks & Resorts

(Free Report)

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.

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Institutional Ownership by Quarter for United Parks & Resorts (NYSE:PRKS)

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