NewEdge Wealth LLC Purchases Shares of 13,585 United Parks & Resorts Inc. $PRKS

NewEdge Wealth LLC purchased a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,585 shares of the company’s stock, valued at approximately $649,000.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $28,000. Rockefeller Capital Management L.P. boosted its stake in shares of United Parks & Resorts by 183.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after buying an additional 551 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in United Parks & Resorts during the second quarter worth about $31,000. Arax Advisory Partners acquired a new stake in United Parks & Resorts during the fourth quarter worth about $31,000. Finally, Empowered Funds LLC purchased a new position in United Parks & Resorts during the fourth quarter valued at approximately $31,000.

Insider Activity

In other news, insider Christopher L. Finazzo sold 6,622 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $44.20, for a total value of $292,692.40. Following the completion of the sale, the insider directly owned 123,663 shares in the company, valued at $5,465,904.60. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings raised United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group reaffirmed a “neutral” rating and set a $45.00 price objective on shares of United Parks & Resorts in a research note on Monday, June 15th. Citigroup lifted their target price on shares of United Parks & Resorts from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Zacks Research cut shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Barclays increased their price target on shares of United Parks & Resorts from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, United Parks & Resorts presently has a consensus rating of “Hold” and a consensus target price of $47.30.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS opened at $45.49 on Friday. The business’s 50 day moving average price is $45.92 and its 200-day moving average price is $39.24. United Parks & Resorts Inc. has a 1 year low of $28.77 and a 1 year high of $56.95. The firm has a market capitalization of $2.06 billion, a PE ratio of 17.91, a P/E/G ratio of 4.26 and a beta of 1.16.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data 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 firm had revenue of $483.32 million during the quarter, compared to analysts’ expectations of $492.10 million. During the same quarter in the previous year, the business posted $1.45 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts expect that United Parks & Resorts Inc. will post 2.85 earnings per share for the current year.

United Parks & Resorts 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.