UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 17,410 Shares of United Parks & Resorts Inc. $PRKS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 21.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,061 shares of the company’s stock after selling 17,410 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of United Parks & Resorts worth $2,963,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. SkyView Investment Advisors LLC grew its holdings in United Parks & Resorts by 1.7% during the fourth quarter. SkyView Investment Advisors LLC now owns 21,685 shares of the company’s stock valued at $787,000 after purchasing an additional 358 shares during the period. Captrust Financial Advisors raised its stake in shares of United Parks & Resorts by 4.9% in the second quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock valued at $424,000 after buying an additional 420 shares during the period. NewEdge Wealth LLC lifted its position in shares of United Parks & Resorts by 4.0% during the 1st quarter. NewEdge Wealth LLC now owns 13,323 shares of the company’s stock valued at $435,000 after buying an additional 509 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of United Parks & Resorts by 40.5% during the 2nd quarter. Versant Capital Management Inc now owns 1,862 shares of the company’s stock valued at $89,000 after buying an additional 537 shares during the last quarter. Finally, Quarry LP bought a new position in shares of United Parks & Resorts during the 3rd quarter worth $28,000.

Insider Activity at United Parks & Resorts

In related news, insider Christopher Finazzo sold 6,622 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total transaction of $292,692.40. Following the completion of the transaction, the insider owned 123,663 shares of the company’s stock, valued at approximately $5,465,904.60. The trade was a 5.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

United Parks & Resorts Stock Performance

NYSE:PRKS opened at $37.92 on Friday. United Parks & Resorts Inc. has a 52-week low of $28.77 and a 52-week high of $55.71. The business’s fifty day moving average is $44.36 and its 200 day moving average is $39.81. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 3.65 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The company had revenue of $483.32 million for the quarter, compared to analysts’ expectations of $492.10 million. During the same period in the previous year, the firm earned $1.45 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts predict that United Parks & Resorts Inc. will post 2.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PRKS. Truist Financial lowered their price objective on United Parks & Resorts from $53.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday. Citizens Jmp assumed coverage on shares of United Parks & Resorts in a research report on Monday, June 29th. They set a “market perform” rating for the company. Guggenheim lifted their target price on shares of United Parks & Resorts from $51.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of United Parks & Resorts in a research report on Thursday, August 6th. Finally, Citigroup upped their price target on shares of United Parks & Resorts from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, United Parks & Resorts has an average rating of “Hold” and a consensus price target of $46.90.

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.