State of Alaska Department of Revenue Takes Position in United Parks & Resorts Inc. $PRKS

State of Alaska Department of Revenue bought a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,749 shares of the company’s stock, valued at approximately $865,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC purchased a new stake in shares of United Parks & Resorts in the second quarter worth about $1,533,000. Norges Bank purchased a new stake in shares of United Parks & Resorts during the 2nd quarter worth approximately $12,019,000. ABS Direct Equity Fund LLC raised its holdings in shares of United Parks & Resorts by 8.3% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 65,000 shares of the company’s stock worth $3,065,000 after acquiring an additional 5,000 shares in the last quarter. Voss Capital LP boosted its position in shares of United Parks & Resorts by 3.7% during the 2nd quarter. Voss Capital LP now owns 1,965,000 shares of the company’s stock valued at $92,650,000 after acquiring an additional 69,576 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of United Parks & Resorts by 11.5% in the second quarter. KLP Kapitalforvaltning AS now owns 11,600 shares of the company’s stock valued at $547,000 after purchasing an additional 1,200 shares in the last quarter.

Wall Street Analysts Forecast Growth

PRKS has been the topic of a number of recent research reports. Mizuho decreased their price target on shares of United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 12th. The Goldman Sachs Group lowered their price target on shares of United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Barclays lowered their price objective on United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 11th. Finally, Truist Financial cut their target price on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, United Parks & Resorts currently has a consensus rating of “Hold” and an average price target of $50.82.

Insider Activity

In other news, insider Christopher L. Finazzo sold 7,200 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $35.12, for a total value of $252,864.00. Following the transaction, the insider directly owned 138,285 shares in the company, valued at approximately $4,856,569.20. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

United Parks & Resorts Stock Performance

PRKS opened at $37.88 on Monday. The stock’s 50 day moving average price is $35.35 and its 200-day moving average price is $45.18. United Parks & Resorts Inc. has a one year low of $29.62 and a one year high of $58.51. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 11.59 and a beta of 1.28.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.63). The business had revenue of $511.85 million for the quarter, compared to analysts’ expectations of $540.43 million. United Parks & Resorts had a net margin of 10.83% and a negative return on equity of 44.47%. United Parks & Resorts’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.08 EPS. As a group, analysts predict that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

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.