River Road Asset Management LLC Has $74.64 Million Position in United Parks & Resorts Inc. $PRKS

by · The Cerbat Gem

River Road Asset Management LLC boosted its holdings in United Parks & Resorts Inc. (NYSE:PRKS – Free Report) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,056,349 shares of the company’s stock after buying an additional 74,392 shares during the period. River Road Asset Management LLC’s holdings in United Parks & Resorts were worth $74,645,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PRKS. AQR Capital Management LLC grew its holdings in United Parks & Resorts by 11.7% during the 1st quarter. AQR Capital Management LLC now owns 12,220 shares of the company’s stock worth $556,000 after acquiring an additional 1,282 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of United Parks & Resorts by 58.9% during the first quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock valued at $30,859,000 after acquiring an additional 251,522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of United Parks & Resorts by 3.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company’s stock worth $4,651,000 after purchasing an additional 3,047 shares during the period. Prudential Financial Inc. acquired a new position in shares of United Parks & Resorts during the second quarter worth $208,000. Finally, Invesco Ltd. grew its stake in shares of United Parks & Resorts by 5.8% in the second quarter. Invesco Ltd. now owns 77,357 shares of the company’s stock worth $3,647,000 after purchasing an additional 4,209 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on PRKS shares. Guggenheim decreased their price objective on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft decreased their price target on United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Truist Financial raised their price objective on United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of United Parks & Resorts in a research note on Monday. 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 a consensus rating of “Hold” and an average target price of $47.00.

Check Out Our Latest Stock Analysis on United Parks & Resorts

United Parks & Resorts Stock Up 1.7%

Shares of NYSE PRKS opened at $46.67 on Friday. The company has a market capitalization of $2.20 billion, a PE ratio of 17.61, a P/E/G ratio of 3.61 and a beta of 1.17. United Parks & Resorts Inc. has a twelve month low of $28.77 and a twelve month high of $56.95. The firm has a fifty day simple moving average of $38.22 and a 200 day simple moving average of $36.22.

United Parks & Resorts (NYSE:PRKS – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The firm had revenue of $278.29 million for the quarter, compared to the consensus estimate of $279.92 million. During the same period last year, the company posted ($0.29) EPS. The business’s revenue was down 3.0% compared to the same quarter last year. As a group, equities analysts expect that United Parks & Resorts Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Christopher L. Finazzo sold 8,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.76, for a total value of $294,080.00. Following the transaction, the insider directly owned 130,285 shares of the company’s stock, valued at $4,789,276.60. The trade was a 5.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by corporate insiders.

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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