Vance Wealth Inc. Takes Position in United Parks & Resorts Inc. (NYSE:PRKS)

Vance Wealth Inc. acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, HoldingsChannel reports. The fund acquired 4,137 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. River Road Asset Management LLC purchased a new position in shares of United Parks & Resorts in the third quarter valued at approximately $66,841,000. Pinnacle Associates Ltd. purchased a new position in shares of United Parks & Resorts in the third quarter valued at approximately $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of United Parks & Resorts in the third quarter valued at approximately $27,850,000. Perpetual Ltd purchased a new position in shares of United Parks & Resorts in the third quarter valued at approximately $16,862,000. Finally, Raymond James & Associates purchased a new position in shares of United Parks & Resorts in the third quarter valued at approximately $4,487,000.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Macquarie lowered their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Citigroup raised their target price on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. The Goldman Sachs Group cut shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the company from $63.00 to $53.00 in a report on Thursday, August 8th. Finally, B. Riley reaffirmed a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.60.

Insider Transactions at United Parks & Resorts

In other news, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the transaction, the insider now directly owns 722 shares in the company, valued at approximately $35,695.68. This trade represents a 43.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the transaction, the director now owns 41,766 shares in the company, valued at approximately $2,091,223.62. This trade represents a 23.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,366 shares of company stock worth $1,938,984. Insiders own 1.10% of the company’s stock.

United Parks & Resorts Trading Down 1.0 %

PRKS stock opened at $56.46 on Tuesday. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.36. The company’s 50 day moving average is $52.39 and its two-hundred day moving average is $51.96. The stock has a market cap of $3.11 billion, a P/E ratio of 14.15 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $1.92 earnings per share. On average, equities research analysts predict that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

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.