Invenomic Capital Management LP Takes $2.20 Million Position in United Parks & Resorts Inc. $PRKS

Invenomic Capital Management LP acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 42,633 shares of the company’s stock, valued at approximately $2,204,000. Invenomic Capital Management LP owned about 0.08% of United Parks & Resorts as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PRKS. AQR Capital Management LLC increased its stake in United Parks & Resorts by 11.7% in the first quarter. AQR Capital Management LLC now owns 12,220 shares of the company’s stock valued at $556,000 after acquiring an additional 1,282 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of United Parks & Resorts by 3.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company’s stock valued at $4,651,000 after purchasing an additional 3,047 shares during the last quarter. LSV Asset Management increased its position in shares of United Parks & Resorts by 8.8% during the 2nd quarter. LSV Asset Management now owns 51,900 shares of the company’s stock valued at $2,447,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in shares of United Parks & Resorts by 62.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 41,819 shares of the company’s stock valued at $1,972,000 after buying an additional 16,135 shares in the last quarter.

United Parks & Resorts Trading Up 4.0%

NYSE PRKS opened at $32.09 on Tuesday. The firm has a market cap of $1.56 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 2.13 and a beta of 1.18. United Parks & Resorts Inc. has a 1-year low of $29.62 and a 1-year high of $56.95. The stock has a 50-day moving average of $35.77 and a 200-day moving average of $40.98.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.18). The company had revenue of $373.55 million for the quarter, compared to the consensus estimate of $375.87 million. United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.United Parks & Resorts’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. As a group, equities research analysts forecast that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Truist Financial dropped their target price on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, December 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Monday, December 29th. Citigroup lowered their price objective on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Guggenheim cut their price objective on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, Zacks Research raised shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.40.

About United Parks & Resorts

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.