Hsbc Holdings PLC Makes New $1.42 Million Investment in United Parks & Resorts Inc. $PRKS

Hsbc Holdings PLC acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 39,206 shares of the company’s stock, valued at approximately $1,416,000.

A number of other institutional investors have also recently made changes to their positions in PRKS. AQR Capital Management LLC grew its holdings in shares of United Parks & Resorts by 11.7% in the first quarter. AQR Capital Management LLC now owns 12,220 shares of the company’s stock worth $556,000 after purchasing an additional 1,282 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in United Parks & Resorts by 58.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock valued at $30,859,000 after buying an additional 251,522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in United Parks & Resorts by 3.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company’s stock valued at $4,651,000 after buying an additional 3,047 shares during the period. Prudential Financial Inc. purchased a new stake in United Parks & Resorts during the 2nd quarter valued at $208,000. Finally, Invesco Ltd. grew its holdings in United Parks & Resorts by 5.8% in the 2nd quarter. Invesco Ltd. now owns 77,357 shares of the company’s stock worth $3,647,000 after acquiring an additional 4,209 shares during the last quarter.

United Parks & Resorts Trading Up 0.2%

NYSE:PRKS opened at $46.96 on Monday. The company has a 50-day moving average price of $41.84 and a 200-day moving average price of $37.50. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 3.69 and a beta of 1.14. United Parks & Resorts Inc. has a 12 month low of $28.77 and a 12 month high of $56.95.

United Parks & Resorts (NYSE:PRKS) last announced 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). United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The company had revenue of $278.29 million for the quarter, compared to analysts’ expectations of $279.92 million. During the same quarter in the prior year, the firm earned ($0.29) EPS. United Parks & Resorts’s quarterly revenue was down 3.0% compared to the same quarter last year. Equities analysts forecast that United Parks & Resorts Inc. will post 3.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 8,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $36.76, for a total transaction of $294,080.00. Following the sale, the insider directly owned 130,285 shares of the company’s stock, valued at approximately $4,789,276.60. The trade was a 5.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PRKS. Northcoast Research assumed coverage on shares of United Parks & Resorts in a research report on Wednesday, July 8th. They issued a “neutral” rating on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $40.00 target price (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. Truist Financial raised their target price on United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Zacks Research downgraded United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. Finally, Mizuho raised United Parks & Resorts from an “underperform” rating to an “outperform” rating and upped their price target for the company from $27.00 to $47.00 in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.64.

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.