WINTON GROUP Ltd Reduces Stock Position in United Parks & Resorts Inc. $PRKS

WINTON GROUP Ltd reduced its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 48.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,758 shares of the company’s stock after selling 61,302 shares during the period. WINTON GROUP Ltd’s holdings in United Parks & Resorts were worth $2,387,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. State of Wyoming boosted its holdings in shares of United Parks & Resorts by 61.8% during the fourth quarter. State of Wyoming now owns 11,475 shares of the company’s stock worth $417,000 after purchasing an additional 4,383 shares during the period. Cibc World Market Inc. lifted its holdings in United Parks & Resorts by 112.6% in the fourth quarter. Cibc World Market Inc. now owns 478,410 shares of the company’s stock worth $17,366,000 after buying an additional 253,400 shares during the period. Goldman Sachs Group Inc. lifted its holdings in United Parks & Resorts by 42.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 854,226 shares of the company’s stock worth $31,008,000 after buying an additional 255,063 shares during the period. Norges Bank purchased a new stake in United Parks & Resorts in the fourth quarter worth about $1,725,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in United Parks & Resorts by 12.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 42,422 shares of the company’s stock worth $1,540,000 after buying an additional 4,577 shares during the period.

Analyst Ratings Changes

PRKS has been the subject of several research analyst reports. Mizuho upgraded shares of United Parks & Resorts from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $27.00 to $47.00 in a report on Friday, May 8th. Stifel Nicolaus restated a “hold” rating and issued a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Zacks Research lowered shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.20.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS opened at $40.75 on Monday. United Parks & Resorts Inc. has a fifty-two week low of $28.77 and a fifty-two week high of $56.95. The company has a 50 day simple moving average of $35.95 and a two-hundred day simple moving average of $35.49. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 3.21 and a beta of 1.17.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Monday, May 11th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The business 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 business posted ($0.29) EPS. United Parks & Resorts’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts forecast that United Parks & Resorts Inc. will post 3.41 earnings per share for the current fiscal year.

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.