United Parks & Resorts Inc. $PRKS Stock Position Raised by Comerica Bank

Comerica Bank lifted its position in United Parks & Resorts Inc. (NYSE:PRKS) by 158.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,462 shares of the company’s stock after acquiring an additional 13,772 shares during the quarter. Comerica Bank’s holdings in United Parks & Resorts were worth $1,021,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of United Parks & Resorts by 15.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company’s stock valued at $255,575,000 after acquiring an additional 599,043 shares in the last quarter. Voss Capital LP lifted its position in shares of United Parks & Resorts by 30.9% in the 1st quarter. Voss Capital LP now owns 1,895,424 shares of the company’s stock valued at $86,166,000 after acquiring an additional 447,924 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of United Parks & Resorts by 9.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,156,400 shares of the company’s stock valued at $52,570,000 after acquiring an additional 101,374 shares in the last quarter. Bank of America Corp DE lifted its position in shares of United Parks & Resorts by 40.8% in the 4th quarter. Bank of America Corp DE now owns 915,918 shares of the company’s stock valued at $51,465,000 after acquiring an additional 265,322 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of United Parks & Resorts by 0.3% in the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 556,918 shares of the company’s stock valued at $25,317,000 after acquiring an additional 1,609 shares in the last quarter.

Wall Street Analyst Weigh In

PRKS has been the topic of several research reports. Guggenheim dropped their price objective on shares of United Parks & Resorts from $74.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Citigroup upped their price objective on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. dropped their price objective on shares of United Parks & Resorts from $63.00 to $59.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 27th. Stifel Nicolaus dropped their price objective on shares of United Parks & Resorts from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Finally, Truist Financial upped their price objective on shares of United Parks & Resorts from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.73.

United Parks & Resorts Stock Up 0.3%

Shares of PRKS opened at $54.51 on Friday. The company’s fifty day moving average is $50.28 and its 200-day moving average is $47.52. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 14.58 and a beta of 1.34.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.31). United Parks & Resorts had a negative return on equity of 47.59% and a net margin of 12.39%.The business had revenue of $490.21 million for the quarter, compared to analyst estimates of $505.20 million. During the same quarter last year, the company earned $1.46 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, research analysts predict that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

United Parks & Resorts declared that its Board of Directors has approved a stock buyback program on Friday, September 5th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.