United Parks & Resorts Inc. $PRKS Shares Bought by Engine Capital Management LP

Engine Capital Management LP boosted its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 20.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,034,414 shares of the company’s stock after buying an additional 178,017 shares during the quarter. United Parks & Resorts makes up approximately 4.1% of Engine Capital Management LP’s investment portfolio, making the stock its 9th largest position. Engine Capital Management LP’s holdings in United Parks & Resorts were worth $33,784,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in United Parks & Resorts during the 4th quarter worth approximately $25,000. Quarry LP bought a new position in shares of United Parks & Resorts during the third quarter valued at $28,000. Rockefeller Capital Management L.P. raised its stake in shares of United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after acquiring an additional 551 shares during the last quarter. Arax Advisory Partners acquired a new position in shares of United Parks & Resorts during the fourth quarter worth $31,000. Finally, Empowered Funds LLC acquired a new position in shares of United Parks & Resorts during the fourth quarter worth $31,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. 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. UBS Group reaffirmed a “neutral” rating and set a $45.00 target price on shares of United Parks & Resorts in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $56.00 price target on shares of United Parks & Resorts in a research report on Monday, July 13th. Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Guggenheim cut their price objective on United Parks & Resorts from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, United Parks & Resorts currently has an average rating of “Hold” and a consensus price target of $47.27.

United Parks & Resorts Stock Down 0.3%

PRKS opened at $44.72 on Tuesday. United Parks & Resorts Inc. has a twelve month low of $28.77 and a twelve month high of $56.95. The company has a fifty day moving average of $43.95 and a 200-day moving average of $38.25. The stock has a market cap of $2.11 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 3.59 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Monday, May 11th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.33). The firm had revenue of $278.29 million during the quarter, compared to analyst estimates of $279.92 million. United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. United Parks & Resorts’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.29) EPS. Sell-side analysts anticipate that United Parks & Resorts Inc. will post 3.35 EPS for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 8,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.76, for a total value of $294,080.00. Following the transaction, the insider directly owned 130,285 shares of the company’s stock, valued at $4,789,276.60. The trade was a 5.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.70% of the company’s stock.

United Parks & Resorts Company Profile

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.