nVerses Capital LLC Buys New Position in United Parks & Resorts Inc. (NYSE:PRKS)

nVerses Capital LLC bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, Holdings Channel.com reports. The firm bought 6,000 shares of the company’s stock, valued at approximately $304,000.

A number of other large investors have also recently bought and sold shares of PRKS. Hexagon Capital Partners LLC acquired a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $25,000. Exchange Traded Concepts LLC bought a new position in United Parks & Resorts in the third quarter valued at $28,000. Handelsbanken Fonder AB acquired a new stake in United Parks & Resorts in the 3rd quarter valued at $390,000. Inspire Investing LLC bought a new stake in United Parks & Resorts during the 3rd quarter worth about $411,000. Finally, SG Americas Securities LLC bought a new stake in United Parks & Resorts during the 3rd quarter worth about $739,000.

Analyst Ratings Changes

A number of analysts recently issued reports on PRKS shares. The Goldman Sachs Group downgraded United Parks & Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. Truist Financial dropped their price objective on United Parks & Resorts from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Macquarie decreased their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday. B. Riley reaffirmed a “buy” rating and set a $71.00 price target on shares of United Parks & Resorts in a research report on Monday, October 7th. Finally, Citigroup increased their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, United Parks & Resorts presently has an average rating of “Moderate Buy” and an average price target of $63.20.

United Parks & Resorts Stock Performance

Shares of PRKS stock opened at $52.67 on Friday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 13.75 and a beta of 2.01. United Parks & Resorts Inc. has a 52 week low of $40.87 and a 52 week high of $60.36. The company has a 50-day simple moving average of $50.23 and a 200 day simple moving average of $51.80.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). The firm had revenue of $497.60 million for the quarter, compared to the consensus estimate of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. United Parks & Resorts’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business posted $1.35 EPS. Sell-side analysts forecast that United Parks & Resorts Inc. will post 4.35 EPS for the current year.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the transaction, the insider now owns 85,463 shares in the company, valued at $4,524,411.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the sale, the insider now directly owns 85,463 shares of the company’s stock, valued at approximately $4,524,411.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total value of $650,108.88. Following the completion of the transaction, the director now owns 41,766 shares in the company, valued at $2,091,223.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,366 shares of company stock valued at $1,938,984. 1.10% of the stock is currently owned by corporate insiders.

About United Parks & Resorts

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.