Nisa Investment Advisors LLC Acquires Shares of 1,947 United Parks & Resorts Inc. (NYSE:PRKS)

Nisa Investment Advisors LLC purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,947 shares of the company’s stock, valued at approximately $99,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Hexagon Capital Partners LLC bought a new stake in shares of United Parks & Resorts in the third quarter valued at about $25,000. Exchange Traded Concepts LLC purchased a new stake in shares of United Parks & Resorts during the third quarter worth about $28,000. Blue Trust Inc. purchased a new position in shares of United Parks & Resorts in the third quarter worth $30,000. DekaBank Deutsche Girozentrale acquired a new stake in United Parks & Resorts during the 3rd quarter worth about $115,000. Finally, nVerses Capital LLC purchased a new position in United Parks & Resorts during the 3rd quarter worth approximately $304,000.

United Parks & Resorts Stock Down 3.2 %

NYSE PRKS opened at $55.02 on Friday. United Parks & Resorts Inc. has a 52 week low of $44.72 and a 52 week high of $60.36. The firm has a 50 day moving average of $51.63 and a two-hundred day moving average of $51.70. The stock has a market capitalization of $3.19 billion, a PE ratio of 14.37 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The business had revenue of $497.60 million during the quarter, compared to analyst estimates of $503.93 million. During the same period last year, the company earned $1.35 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts expect that United Parks & Resorts Inc. will post 4.23 earnings per share for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the transaction, the insider now directly owns 722 shares in the company, valued at approximately $35,695.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction that occurred 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 sale, the director now owns 41,766 shares of the company’s stock, valued at approximately $2,091,223.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jayson Maxwell sold 545 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the transaction, the insider now owns 722 shares of the company’s stock, valued at $35,695.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,366 shares of company stock worth $1,938,984 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Truist Financial lowered their target price on United Parks & Resorts from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, October 21st. Stifel Nicolaus dropped their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Macquarie lowered their price objective on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group lowered shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $63.00 to $53.00 in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, United Parks & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $62.70.

United Parks & Resorts 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.