Amalgamated Bank Buys Shares of 1,278 United Parks & Resorts Inc. (NYSE:PRKS)

Amalgamated Bank bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,278 shares of the company’s stock, valued at approximately $65,000.

Several other large investors also recently added to or reduced their stakes in PRKS. SG Americas Securities LLC purchased a new stake in United Parks & Resorts in the 3rd quarter valued at $739,000. Handelsbanken Fonder AB purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $390,000. Hexagon Capital Partners LLC purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $25,000. Perpetual Ltd purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $16,862,000. Finally, Inspire Investing LLC purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $411,000.

Insider Buying and Selling

In related news, insider Jayson Maxwell sold 545 shares of the company’s 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 directly owns 722 shares in the company, valued at approximately $35,695.68. This represents a 43.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Yoshikazu Maruyama sold 12,984 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at $2,091,223.62. The trade was a 23.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,366 shares of company stock valued at $1,938,984. 1.10% of the stock is owned by insiders.

United Parks & Resorts Trading Down 2.9 %

Shares of PRKS stock opened at $57.05 on Monday. The business’s 50 day moving average is $52.39 and its two-hundred day moving average is $51.94. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.36. The company has a market capitalization of $3.14 billion, a P/E ratio of 14.30 and a beta of 2.00.

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

Wall Street Analyst Weigh In

PRKS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered their target price on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Truist Financial raised their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 8th. Citigroup raised their target price on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. Finally, Guggenheim lowered their target price on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, United Parks & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

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.