Inspire Investing LLC Buys 434 Shares of United Parks & Resorts Inc. $PRKS

Inspire Investing LLC lifted its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,540 shares of the company’s stock after purchasing an additional 434 shares during the quarter. Inspire Investing LLC’s holdings in United Parks & Resorts were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PRKS. HG Vora Capital Management LLC grew its holdings in shares of United Parks & Resorts by 180.0% during the 1st quarter. HG Vora Capital Management LLC now owns 1,400,000 shares of the company’s stock valued at $63,644,000 after purchasing an additional 900,000 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of United Parks & Resorts by 15.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company’s stock valued at $255,575,000 after purchasing an additional 599,043 shares during the last quarter. Voss Capital LP grew its holdings in shares of United Parks & Resorts by 30.9% during the 1st quarter. Voss Capital LP now owns 1,895,424 shares of the company’s stock valued at $86,166,000 after purchasing an additional 447,924 shares during the last quarter. Hawk Ridge Capital Management LP grew its holdings in shares of United Parks & Resorts by 21.9% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,740,768 shares of the company’s stock valued at $79,135,000 after purchasing an additional 312,970 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of United Parks & Resorts by 58.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock valued at $30,859,000 after purchasing an additional 251,522 shares during the last quarter.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS opened at $50.95 on Wednesday. The company has a market capitalization of $2.80 billion, a P/E ratio of 13.62 and a beta of 1.34. United Parks & Resorts Inc. has a 52-week low of $37.68 and a 52-week high of $60.83. The company’s 50 day moving average price is $50.41 and its 200-day moving average price is $47.39.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.31). The firm had revenue of $490.21 million during the quarter, compared to analyst estimates of $505.20 million. United Parks & Resorts had a negative return on equity of 47.59% and a net margin of 12.39%.The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. Analysts forecast that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

United Parks & Resorts declared that its board has initiated a share buyback plan on Friday, September 5th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays decreased their price target on shares of United Parks & Resorts from $50.00 to $49.00 and set an “equal weight” rating on the stock in a report 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 on the stock in a report on Friday, August 8th. Citigroup boosted their target price on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Morgan Stanley reduced their target price on shares of United Parks & Resorts from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, August 4th. Finally, Mizuho boosted their target price on shares of United Parks & Resorts from $44.00 to $46.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Hold” and a consensus target price of $57.73.

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.