United Parks & Resorts Inc. $PRKS Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 21.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,048 shares of the company’s stock after selling 1,370 shares during the period. PNC Financial Services Group Inc.’s holdings in United Parks & Resorts were worth $229,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PRKS. Barrow Hanley Mewhinney & Strauss LLC lifted its stake 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 worth $255,575,000 after acquiring an additional 599,043 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of United Parks & Resorts by 62.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company’s stock worth $59,282,000 after acquiring an additional 404,120 shares during the period. Bank of America Corp DE lifted its stake 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 worth $51,465,000 after acquiring an additional 265,322 shares during the period. JCP Investment Management LLC acquired a new stake in shares of United Parks & Resorts in the 4th quarter worth $5,608,000. Finally, Orvieto Partners L.P. acquired a new stake in shares of United Parks & Resorts in the 4th quarter worth $3,203,000.

United Parks & Resorts Stock Down 2.7%

Shares of PRKS opened at $51.81 on Monday. The company has a 50-day simple moving average of $47.63 and a 200-day simple moving average of $47.47. The company has a market capitalization of $2.85 billion, a PE ratio of 13.85 and a beta of 1.48. United Parks & Resorts Inc. has a 52-week low of $37.68 and a 52-week high of $60.83.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays reduced their target price on shares of United Parks & Resorts from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Friday, July 11th. Stifel Nicolaus reduced their target price on shares of United Parks & Resorts from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Mizuho raised their target price on shares of United Parks & Resorts from $44.00 to $46.00 and gave the stock an “underperform” rating in a research note on Wednesday. Morgan Stanley reduced their target price on shares of United Parks & Resorts from $52.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, August 4th. Finally, Guggenheim cut their price target on shares of United Parks & Resorts from $74.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.91.

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.