Quantbot Technologies LP Buys Shares of 70,121 United Parks & Resorts Inc. (NYSE:PRKS)

Quantbot Technologies LP purchased a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 70,121 shares of the company’s stock, valued at approximately $3,548,000. Quantbot Technologies LP owned about 0.13% of United Parks & Resorts as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Hexagon Capital Partners LLC bought a new position in United Parks & Resorts during the third quarter valued at about $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $28,000. Blue Trust Inc. bought a new stake in shares of United Parks & Resorts during the third quarter valued at approximately $30,000. KBC Group NV acquired a new position in shares of United Parks & Resorts in the third quarter valued at $54,000. Finally, Amalgamated Bank bought a new stake in United Parks & Resorts in the 3rd quarter valued at $65,000.

Wall Street Analyst Weigh In

PRKS has been the subject of several recent analyst reports. The Goldman Sachs Group lowered United Parks & Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $63.00 to $53.00 in a research note on Thursday, August 8th. Macquarie lowered their target price on 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. Stifel Nicolaus reduced their price target on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Citigroup raised their price objective on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Finally, 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 research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.60.

United Parks & Resorts Price Performance

PRKS stock opened at $58.07 on Thursday. United Parks & Resorts Inc. has a fifty-two week low of $44.72 and a fifty-two week high of $60.36. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 14.55 and a beta of 2.00. The business’s fifty day moving average price is $53.26 and its two-hundred day moving average price is $52.24.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.08 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 the consensus estimate of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. United Parks & Resorts’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.92 earnings per share. Research analysts expect that United Parks & Resorts Inc. will post 3.97 EPS for the current year.

Insider Activity

In related 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 value of $650,108.88. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Mikolaichik purchased 34,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the purchase, the insider now owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This 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.

About United Parks & Resorts

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.