United Parks & Resorts Inc. $PRKS Holdings Lowered by Penn Capital Management Company LLC

Penn Capital Management Company LLC reduced its position in United Parks & Resorts Inc. (NYSE:PRKS) by 6.7% in the 3rd quarter, Holdings Channel reports. The firm owned 497,919 shares of the company’s stock after selling 35,635 shares during the quarter. Penn Capital Management Company LLC’s holdings in United Parks & Resorts were worth $16,162,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in United Parks & Resorts in the 2nd quarter valued at $171,560,000. Hawk Ridge Capital Management LP acquired a new position in United Parks & Resorts during the first quarter worth about $51,094,000. Bank of America Corp DE acquired a new position in United Parks & Resorts during the second quarter worth about $26,222,000. Engine Capital Management LP boosted its position in United Parks & Resorts by 20.8% during the first quarter. Engine Capital Management LP now owns 1,034,414 shares of the company’s stock worth $33,784,000 after acquiring an additional 178,017 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in United Parks & Resorts during the 2nd quarter valued at about $7,733,000.

Wall Street Analysts Forecast Growth

PRKS has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of United Parks & Resorts from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Truist Financial decreased their target price on shares of United Parks & Resorts from $53.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Barclays boosted their target price on United Parks & Resorts from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on United Parks & Resorts in a research report on Thursday, August 6th. Finally, Guggenheim increased their price target on United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.70.

Insider Activity

In other news, insider James Forrester, Jr. sold 1,150 shares of United Parks & Resorts stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $35.71, for a total transaction of $41,066.50. Following the sale, the insider owned 26,733 shares of the company’s stock, valued at approximately $954,635.43. The trade was a 4.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

United Parks & Resorts Trading Up 8.1%

United Parks & Resorts stock opened at $43.22 on Tuesday. United Parks & Resorts Inc. has a 12-month low of $28.77 and a 12-month high of $50.00. The stock has a market cap of $1.96 billion, a P/E ratio of 13.46, a PEG ratio of 3.21 and a beta of 1.22. The company has a 50-day moving average price of $34.48 and a 200 day moving average price of $38.09.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Thursday, November 5th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.14). United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The firm had revenue of $506.45 million during the quarter, compared to analyst estimates of $511.03 million. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, analysts forecast that United Parks & Resorts Inc. will post 2.85 EPS for the current year.

About United Parks & Resorts

United Parks & Resorts Inc is a theme park and entertainment company that owns and operates parks featuring marine life, thrill rides, animal experiences and family attractions. Its portfolio includes the SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place brands, as well as other regional parks.

The company’s parks are located primarily in the United States. Its history includes its former identity as SeaWorld Entertainment and SeaWorld Parks & Entertainment; it adopted the United Parks & Resorts name in 2024.

United Parks & Resorts is headquartered in Orlando, Florida.