PDT Partners LLC Invests $1.05 Million in United Parks & Resorts Inc. (NYSE:PRKS)

PDT Partners LLC acquired a new position in United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,679 shares of the company’s stock, valued at approximately $1,046,000.

Several other large investors also recently added to or reduced their stakes in PRKS. Goldentree Asset Management LP purchased a new stake in United Parks & Resorts in the 3rd quarter worth about $71,882,000. River Road Asset Management LLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter valued at $66,841,000. Pinnacle Associates Ltd. purchased a new position in shares of United Parks & Resorts during the 3rd quarter valued at $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of United Parks & Resorts during the third quarter worth $27,850,000. Finally, Eagle Asset Management Inc. acquired a new position in United Parks & Resorts in the 3rd quarter worth about $21,959,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PRKS. Stifel Nicolaus reduced their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group lowered shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. Macquarie decreased their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Guggenheim dropped their price target on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, United Parks & Resorts currently has an average rating of “Moderate Buy” and an average price target of $62.60.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the sale, the director now owns 41,766 shares of the company’s stock, valued at $2,091,223.62. This trade represents a 23.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Mikolaichik acquired 34,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the transaction, the insider now directly owns 76,267 shares of the company’s stock, valued at approximately $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $58.64 on Monday. United Parks & Resorts Inc. has a 52 week low of $44.72 and a 52 week high of $60.36. The company has a 50 day moving average price of $53.61 and a two-hundred day moving average price of $52.33. The company has a market capitalization of $3.23 billion, a PE ratio of 14.70 and a beta of 2.00.

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

United Parks & Resorts 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.