United Parks & Resorts Inc. $PRKS Holdings Boosted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,600 shares of the company’s stock after purchasing an additional 1,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in United Parks & Resorts were worth $547,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PRKS. HG Vora Capital Management LLC grew its position in 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 worth $63,644,000 after purchasing an additional 900,000 shares in the last quarter. Voss Capital LP boosted its stake 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 buying an additional 447,924 shares during the period. Hawk Ridge Capital Management LP boosted its stake 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 buying an additional 312,970 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 buying an additional 251,522 shares during the period. Finally, Breach Inlet Capital Management LLC boosted its stake in shares of United Parks & Resorts by 75.1% during the 1st quarter. Breach Inlet Capital Management LLC now owns 398,311 shares of the company’s stock valued at $18,107,000 after buying an additional 170,892 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley decreased 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. Barclays decreased 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. Zacks Research raised shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Mizuho lifted their price objective on shares of United Parks & Resorts from $44.00 to $46.00 and gave the company an “underperform” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Parks & Resorts in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.40.

United Parks & Resorts Trading Up 0.5%

PRKS stock opened at $52.33 on Friday. The firm has a market cap of $2.88 billion, a PE ratio of 13.99 and a beta of 1.34. United Parks & Resorts Inc. has a 1 year low of $37.68 and a 1 year high of $60.83. The company has a fifty day simple moving average of $52.12 and a 200 day simple moving average of $48.06.

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

United Parks & Resorts declared that its board has initiated a stock repurchase program on Friday, September 5th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

About United Parks & Resorts

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.