Blue Trust Inc. Acquires Shares of 559 United Parks & Resorts Inc. (NYSE:PRKS)

Blue Trust Inc. acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 559 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC purchased a new position in United Parks & Resorts in the third quarter valued at $25,000. Exchange Traded Concepts LLC purchased a new position in United Parks & Resorts in the third quarter valued at $28,000. nVerses Capital LLC purchased a new position in United Parks & Resorts in the third quarter valued at $304,000. Handelsbanken Fonder AB purchased a new position in United Parks & Resorts in the third quarter valued at $390,000. Finally, Inspire Investing LLC purchased a new position in United Parks & Resorts in the third quarter valued at $411,000.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock opened at $52.57 on Friday. The business’s 50 day moving average price is $51.21 and its 200 day moving average price is $51.62. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 13.73 and a beta of 2.00. United Parks & Resorts Inc. has a one year low of $42.77 and a one year high of $60.36.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The company had revenue of $497.60 million during the quarter, compared to analyst estimates of $503.93 million. During the same period last year, the business earned $1.35 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. On average, analysts predict that United Parks & Resorts Inc. will post 4.23 EPS for the current fiscal year.

Analysts Set New Price Targets

PRKS has been the topic of several research analyst reports. B. Riley reiterated a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. Macquarie dropped their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Truist Financial dropped their target price on shares of United Parks & Resorts from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, October 21st. The Goldman Sachs Group lowered shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and dropped their target price for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. Finally, Stifel Nicolaus dropped their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.70.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the sale, the insider now directly owns 722 shares of the company’s stock, valued at $35,695.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total value of $650,108.88. Following the completion of the sale, the director now directly owns 41,766 shares of the company’s stock, valued at $2,091,223.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the sale, the insider now directly owns 722 shares of the company’s stock, valued at $35,695.68. This trade represents a 0.00 % 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 in the last three months. 1.10% of the stock is currently owned by insiders.

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.