12,100 Shares in United Parks & Resorts Inc. $PRKS Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,100 shares of the company’s stock, valued at approximately $395,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRKS. JPMorgan Chase & Co. raised its holdings in shares of United Parks & Resorts by 105.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 463,540 shares of the company’s stock valued at $23,965,000 after acquiring an additional 237,575 shares in the last quarter. Comerica Bank increased its position in shares of United Parks & Resorts by 89.4% in the fourth quarter. Comerica Bank now owns 77,662 shares of the company’s stock worth $2,819,000 after purchasing an additional 36,663 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in United Parks & Resorts in the third quarter valued at approximately $26,000,000. Interval Partners LP raised its stake in United Parks & Resorts by 753.2% in the third quarter. Interval Partners LP now owns 174,059 shares of the company’s stock valued at $8,999,000 after purchasing an additional 153,659 shares in the last quarter. Finally, Goldentree Asset Management LP raised its stake in United Parks & Resorts by 9.1% in the third quarter. Goldentree Asset Management LP now owns 1,328,507 shares of the company’s stock valued at $68,553,000 after purchasing an additional 111,037 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PRKS shares. Truist Financial boosted their price target on shares of United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. UBS Group restated a “neutral” rating and set a $45.00 price objective on shares of United Parks & Resorts in a research report on Monday, June 15th. Zacks Research downgraded shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. Mizuho raised United Parks & Resorts from an “underperform” rating to an “outperform” rating and increased their target price for the company from $27.00 to $47.00 in a research note on Friday, May 8th. Finally, Stifel Nicolaus restated a “hold” rating and set a $40.00 price target (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, United Parks & Resorts presently has an average rating of “Hold” and an average target price of $47.00.

United Parks & Resorts Price Performance

Shares of NYSE PRKS opened at $45.63 on Thursday. The stock has a market capitalization of $2.15 billion, a P/E ratio of 17.22, a PEG ratio of 3.73 and a beta of 1.14. United Parks & Resorts Inc. has a one year low of $28.77 and a one year high of $56.95. The firm’s 50 day simple moving average is $41.33 and its two-hundred day simple moving average is $37.33.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). United Parks & Resorts had a negative return on equity of 35.46% and a net margin of 9.09%.The business had revenue of $278.29 million during the quarter, compared to the consensus estimate of $279.92 million. During the same quarter in the previous year, the firm posted ($0.29) earnings per share. The company’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 Buying and Selling

In related news, insider Christopher L. Finazzo sold 8,000 shares of United Parks & Resorts stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $36.76, for a total value of $294,080.00. Following the transaction, the insider owned 130,285 shares in the company, valued at $4,789,276.60. This trade represents a 5.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by insiders.

United Parks & Resorts Company 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.