Fifth Third Bancorp Has $2.55 Million Stock Holdings in United Parks & Resorts Inc. $PRKS

Fifth Third Bancorp lifted its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 46,968.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 78,134 shares of the company’s stock after acquiring an additional 77,968 shares during the period. Fifth Third Bancorp’s holdings in United Parks & Resorts were worth $2,552,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Louisiana State Employees Retirement System acquired a new position in United Parks & Resorts in the first quarter worth about $395,000. Hsbc Holdings PLC bought a new position in United Parks & Resorts during the fourth quarter worth about $1,416,000. Rockefeller Capital Management L.P. boosted its holdings in United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after purchasing an additional 551 shares in the last quarter. River Road Asset Management LLC boosted its holdings in United Parks & Resorts by 3.8% during the fourth quarter. River Road Asset Management LLC now owns 2,056,349 shares of the company’s stock valued at $74,645,000 after purchasing an additional 74,392 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of United Parks & Resorts by 28.0% in the 4th quarter. Invesco Ltd. now owns 174,249 shares of the company’s stock valued at $6,325,000 after purchasing an additional 38,120 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PRKS shares. Mizuho raised United Parks & Resorts from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $27.00 to $47.00 in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $56.00 price target on shares of United Parks & Resorts in a research note on Monday, July 13th. 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. UBS Group restated a “neutral” rating and issued a $45.00 target price on shares of United Parks & Resorts in a research note on Monday, June 15th. Finally, Citizens Jmp started coverage on shares of United Parks & Resorts in a report on Monday, June 29th. They issued a “market perform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.82.

Insider Activity at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 8,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were 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 $4,789,276.60. This represents a 5.79% decrease in their ownership of the stock. The transaction 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 company insiders.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $44.63 on Tuesday. United Parks & Resorts Inc. has a twelve month low of $28.77 and a twelve month high of $56.95. The business has a fifty day moving average of $43.04 and a 200-day moving average of $37.94. The firm has a market cap of $2.10 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 3.61 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.69) earnings per share 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 during the quarter, compared to analyst estimates of $279.92 million. During the same quarter in the previous year, the business posted ($0.29) EPS. The company’s revenue was down 3.0% compared to the same quarter last year. On average, analysts anticipate that United Parks & Resorts Inc. will post 3.35 EPS for the current fiscal year.

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.