Victory Capital Management Inc. Makes New $772,000 Investment in United Parks & Resorts Inc. (NYSE:PRKS)

Victory Capital Management Inc. purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,262 shares of the company’s stock, valued at approximately $772,000.

A number of other institutional investors also recently modified their holdings of the business. Hexagon Capital Partners LLC acquired a new position in United Parks & Resorts during the 3rd quarter worth approximately $25,000. Exchange Traded Concepts LLC acquired a new position in shares of United Parks & Resorts during the third quarter worth $28,000. Blue Trust Inc. bought a new position in shares of United Parks & Resorts in the 3rd quarter valued at $30,000. Amalgamated Bank acquired a new stake in shares of United Parks & Resorts during the 3rd quarter valued at $65,000. Finally, Nisa Investment Advisors LLC bought a new stake in United Parks & Resorts during the 3rd quarter worth $99,000.

United Parks & Resorts Stock Up 1.5 %

PRKS stock opened at $58.07 on Friday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 14.55 and a beta of 2.00. The company’s fifty day simple moving average is $53.48 and its 200 day simple moving average is $52.32. 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 announced its 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). The business had revenue of $545.90 million for the quarter, compared to the consensus estimate of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.92 EPS. Research analysts expect that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Yoshikazu Maruyama sold 12,984 shares of the business’s stock in a transaction dated 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. The trade was a 23.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James Mikolaichik purchased 34,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares of the company’s stock, valued at approximately $4,369,336.43. This represents a 80.44 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stifel Nicolaus cut their price target on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Citigroup lifted their target price on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Truist Financial upped their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Guggenheim cut their price target on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group downgraded 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 report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.60.

About United Parks & Resorts

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.