MQS Management LLC Takes $301,000 Position in United Parks & Resorts Inc. (NYSE:PRKS)

MQS Management LLC purchased a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,949 shares of the company’s stock, valued at approximately $301,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC purchased a new position in shares of United Parks & Resorts in the 3rd quarter worth about $25,000. Exchange Traded Concepts LLC bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth approximately $28,000. Blue Trust Inc. bought a new stake in shares of United Parks & Resorts in the third quarter valued at $30,000. Amalgamated Bank bought a new stake in United Parks & Resorts in the 3rd quarter valued at about $65,000. Finally, Nisa Investment Advisors LLC bought a new position in United Parks & Resorts in the 3rd quarter worth approximately $99,000.

Analysts Set New Price Targets

PRKS has been the topic of a number of analyst reports. The Goldman Sachs Group lowered United Parks & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $63.00 to $53.00 in a research note on Thursday, August 8th. Stifel Nicolaus decreased their price target on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Macquarie reduced their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Truist Financial increased their target price on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Guggenheim reduced their price target on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $62.60.

United Parks & Resorts Trading Up 0.1 %

Shares of United Parks & Resorts stock opened at $58.73 on Friday. The business’s 50-day moving average price is $52.18 and its 200-day moving average price is $51.85. The firm has a market capitalization of $3.23 billion, a PE ratio of 14.72 and a beta of 2.00. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.36.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business had revenue of $545.90 million for the quarter, compared to analysts’ expectations of $550.47 million. During the same period last year, the business posted $1.92 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. As a group, analysts predict that United Parks & Resorts Inc. will post 4.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total value of $1,261,930.78. Following the sale, the insider now owns 85,463 shares of the company’s stock, valued at $4,524,411.22. This trade represents a 21.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yoshikazu Maruyama sold 12,984 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total transaction of $650,108.88. Following the transaction, the director now directly owns 41,766 shares of the company’s stock, valued at approximately $2,091,223.62. This trade represents a 23.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,366 shares of company stock valued at $1,938,984 over the last three months. Insiders own 1.10% of the company’s stock.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.