Hsbc Holdings PLC Takes $1.42 Million Position in United Parks & Resorts Inc. $PRKS

Hsbc Holdings PLC purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,206 shares of the company’s stock, valued at approximately $1,416,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nomura Holdings Inc. lifted its holdings in shares of United Parks & Resorts by 742.3% in the third quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock valued at $231,428,000 after purchasing an additional 3,944,894 shares in the last quarter. Goldentree Asset Management LP boosted its holdings in United Parks & Resorts by 83.5% during the 4th quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock worth $88,366,000 after acquiring an additional 1,109,930 shares during the last quarter. Long Pond Capital LP bought a new stake in shares of United Parks & Resorts in the 4th quarter worth $31,036,000. CIBC Bancorp USA Inc. bought a new stake in United Parks & Resorts in the 3rd quarter worth about $26,000,000. Finally, Cibc World Markets Corp bought a new stake in United Parks & Resorts in the 4th quarter worth about $18,215,000.

United Parks & Resorts Stock Up 2.6%

United Parks & Resorts stock opened at $47.87 on Wednesday. United Parks & Resorts Inc. has a twelve month low of $28.77 and a twelve month high of $56.95. The firm has a 50 day moving average price of $39.85 and a 200-day moving average price of $36.84. The company has a market capitalization of $2.26 billion, a P/E ratio of 18.07, a P/E/G ratio of 3.67 and a beta of 1.17.

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

Analysts Set New Price Targets

PRKS has been the subject of several recent analyst reports. Citizens Jmp initiated coverage on United Parks & Resorts in a report on Monday. They issued a “market perform” rating for the company. Truist Financial lifted their price target on United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Finally, Zacks Research lowered United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $47.00.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 8,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $36.76, for a total value of $294,080.00. Following the completion of the sale, the insider directly owned 130,285 shares of the company’s stock, valued at $4,789,276.60. This trade represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.70% of the company’s stock.

United Parks & Resorts Profile

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.