412,999 Shares in United Parks & Resorts Inc. (NYSE:PRKS) Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, HoldingsChannel.com reports. The firm acquired 412,999 shares of the company’s stock, valued at approximately $20,898,000.

Several other large investors have also modified their holdings of PRKS. Hexagon Capital Partners LLC purchased a new position in shares of United Parks & Resorts during the third quarter worth about $25,000. Exchange Traded Concepts LLC acquired a new stake in United Parks & Resorts during the 3rd quarter worth approximately $28,000. Blue Trust Inc. purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at approximately $30,000. KBC Group NV acquired a new position in shares of United Parks & Resorts in the third quarter valued at approximately $54,000. Finally, Amalgamated Bank purchased a new stake in shares of United Parks & Resorts during the third quarter worth approximately $65,000.

Wall Street Analysts Forecast Growth

PRKS has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. dropped their price target on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Macquarie reduced their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Truist Financial boosted their target price on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Mizuho reissued an “underperform” rating and set a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.60.

Insider Buying and Selling

In related news, insider James Mikolaichik purchased 34,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the acquisition, the insider now directly owns 76,267 shares in the company, valued at $4,369,336.43. The trade was a 80.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS opened at $59.82 on Friday. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 14.99 and a beta of 2.00. The business’s 50 day simple moving average is $54.47 and its 200-day simple moving average is $52.59. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.83.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The firm had revenue of $545.90 million for the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 earnings per share. On average, equities analysts anticipate that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.