Charles Schwab Investment Management Inc. Boosts Holdings in United Parks & Resorts Inc. $PRKS

Charles Schwab Investment Management Inc. raised its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 0.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 426,088 shares of the company’s stock after purchasing an additional 2,523 shares during the period. Charles Schwab Investment Management Inc. owned 0.78% of United Parks & Resorts worth $19,370,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of United Parks & Resorts by 3,233.3% during the 1st quarter. GAMMA Investing LLC now owns 2,500 shares of the company’s stock worth $114,000 after purchasing an additional 2,425 shares during the last quarter. Mariner LLC acquired a new position in shares of United Parks & Resorts in the fourth quarter worth $214,000. QRG Capital Management Inc. lifted its position in shares of United Parks & Resorts by 11.3% in the first quarter. QRG Capital Management Inc. now owns 4,478 shares of the company’s stock valued at $204,000 after acquiring an additional 456 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of United Parks & Resorts during the fourth quarter valued at $252,000. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in United Parks & Resorts by 7.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company’s stock worth $205,000 after purchasing an additional 310 shares in the last quarter.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $51.2450 on Friday. The stock has a 50-day simple moving average of $48.30 and a 200-day simple moving average of $47.49. The stock has a market capitalization of $2.82 billion, a P/E ratio of 13.70 and a beta of 1.48. United Parks & Resorts Inc. has a 1 year low of $37.68 and a 1 year high of $60.83.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $505.20 million. During the same period last year, the firm earned $1.46 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts predict that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Guggenheim reduced their target price on shares of United Parks & Resorts from $74.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Barclays reduced their price target on United Parks & Resorts from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Friday, July 11th. Mizuho upped their target price on United Parks & Resorts from $44.00 to $46.00 and gave the company an “underperform” rating in a research note on Wednesday, August 13th. Citigroup lifted their price target on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Finally, Stifel Nicolaus cut 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 report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $56.91.

United Parks & Resorts Company 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.