Diametric Capital LP Invests $1.19 Million in United Parks & Resorts Inc. $PRKS

by · The Markets Daily

Diametric Capital LP purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 25,155 shares of the company’s stock, valued at approximately $1,186,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voss Capital LP increased its position in United Parks & Resorts by 30.9% during the 1st quarter. Voss Capital LP now owns 1,895,424 shares of the company’s stock worth $86,166,000 after buying an additional 447,924 shares during the period. River Road Asset Management LLC grew its stake in shares of United Parks & Resorts by 3.0% in the second quarter. River Road Asset Management LLC now owns 1,870,138 shares of the company’s stock valued at $88,514,000 after acquiring an additional 54,186 shares in the last quarter. Hawk Ridge Capital Management LP increased its position in United Parks & Resorts by 21.9% during the first quarter. Hawk Ridge Capital Management LP now owns 1,740,768 shares of the company’s stock worth $79,135,000 after acquiring an additional 312,970 shares during the period. HG Vora Capital Management LLC increased its position in United Parks & Resorts by 180.0% during the first quarter. HG Vora Capital Management LLC now owns 1,400,000 shares of the company’s stock worth $63,644,000 after acquiring an additional 900,000 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its stake in United Parks & Resorts by 9.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,156,400 shares of the company’s stock worth $52,570,000 after purchasing an additional 101,374 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on PRKS shares. Stifel Nicolaus lowered 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. Mizuho reduced their price target on United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 12th. JPMorgan Chase & Co. lowered their price objective on United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. The Goldman Sachs Group dropped their price objective on United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Finally, Barclays cut their target price on United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.82.

Read Our Latest Analysis on PRKS

United Parks & Resorts Trading Down 0.9%

NYSE PRKS opened at $36.04 on Friday. The firm’s 50 day simple moving average is $44.17 and its 200 day simple moving average is $47.05. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 11.02 and a beta of 1.30. United Parks & Resorts Inc. has a 1 year low of $29.62 and a 1 year high of $60.63.

United Parks & Resorts (NYSE:PRKS – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.63). The firm had revenue of $511.85 million for the quarter, compared to analyst estimates of $540.43 million. United Parks & Resorts had a net margin of 10.83% and a negative return on equity of 44.47%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.08 earnings per share. On average, equities research analysts forecast that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

United Parks & Resorts announced that its Board of Directors has authorized a stock repurchase program on Friday, September 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

United Parks & Resorts Profile

(Free Report)

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.

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