22,092 Shares in United Parks & Resorts Inc. $PRKS Acquired by Man Group plc

Man Group plc acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the second quarter, according to its most recent filing with the SEC. The fund acquired 22,092 shares of the company’s stock, valued at approximately $1,055,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Holdings Inc. lifted its position in shares of United Parks & Resorts by 742.3% during the third quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock worth $231,428,000 after acquiring an additional 3,944,894 shares in the last quarter. BlackRock Inc. purchased a new position in shares of United Parks & Resorts in the second quarter valued at $171,560,000. Goldentree Asset Management LP grew its position in shares of United Parks & Resorts by 83.5% in the fourth quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock valued at $88,366,000 after purchasing an additional 1,109,930 shares in the last quarter. River Road Asset Management LLC raised its stake in shares of United Parks & Resorts by 3.8% during the 4th quarter. River Road Asset Management LLC now owns 2,056,349 shares of the company’s stock valued at $74,645,000 after purchasing an additional 74,392 shares during the period. Finally, Hawk Ridge Capital Management LP bought a new stake in shares of United Parks & Resorts during the 1st quarter valued at $51,094,000.

Insider Activity at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 6,622 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays raised their target price on United Parks & Resorts from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Zacks Research cut United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Citigroup increased their price target on shares of United Parks & Resorts from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Northcoast Research assumed coverage on shares of United Parks & Resorts in a research note on Wednesday, July 8th. They set a “neutral” rating for the company. Finally, Guggenheim boosted their price objective on shares of United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, United Parks & Resorts currently has an average rating of “Hold” and a consensus target price of $47.30.

United Parks & Resorts Stock Performance

NYSE:PRKS opened at $40.99 on Thursday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 3.64 and a beta of 1.14. United Parks & Resorts Inc. has a 52-week low of $28.77 and a 52-week high of $56.95. The stock has a fifty day moving average of $45.24 and a 200 day moving average of $39.60.

United Parks & Resorts (NYSE:PRKS) last announced 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). The business had revenue of $483.32 million during the quarter, compared to the consensus estimate of $492.10 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.United Parks & Resorts’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share. Equities analysts forecast that United Parks & Resorts Inc. will post 2.85 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.