70,000 Shares in United Parks & Resorts Inc. (NYSE:PRKS) Purchased by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 70,000 shares of the company’s stock, valued at approximately $3,542,000. United Parks & Resorts makes up 3.9% of ABS Direct Equity Fund LLC’s portfolio, making the stock its 8th biggest position.

Other large investors also recently bought and sold shares of the company. Hill Path Capital LP acquired a new position in shares of United Parks & Resorts in the third quarter worth about $1,376,588,000. Simcoe Capital Management LLC acquired a new position in United Parks & Resorts in the 3rd quarter worth about $110,983,000. Goldentree Asset Management LP acquired a new position in United Parks & Resorts in the 3rd quarter worth about $71,882,000. River Road Asset Management LLC purchased a new position in United Parks & Resorts during the third quarter worth approximately $66,841,000. Finally, HG Vora Capital Management LLC acquired a new stake in United Parks & Resorts in the third quarter valued at approximately $65,780,000.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PRKS. Mizuho reaffirmed an “underperform” rating and set a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Citigroup upped their price objective on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. dropped their target price on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Truist Financial upped their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Macquarie decreased their price objective on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, United Parks & Resorts presently has an average rating of “Moderate Buy” and an average target price of $62.60.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $57.14 on Tuesday. The stock has a fifty day moving average of $54.60 and a 200-day moving average of $52.66. The company has a market capitalization of $3.14 billion, a PE ratio of 14.32 and a beta of 2.00. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.83.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The business had revenue of $545.90 million during the quarter, compared to analyst estimates of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.92 EPS. As a group, research analysts forecast that United Parks & Resorts Inc. will post 3.97 EPS for the current fiscal year.

Insider Activity

In other news, insider James Mikolaichik acquired 34,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This trade represents a 80.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.