Centiva Capital LP Makes New Investment in United Parks & Resorts Inc. (NYSE:PRKS)

Centiva Capital LP bought a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,341 shares of the company’s stock, valued at approximately $473,000.

Other institutional investors have also recently made changes to their positions in the company. Simcoe Capital Management LLC purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $110,983,000. Paloma Partners Management Co purchased a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $295,000. PDT Partners LLC purchased a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $1,046,000. Verition Fund Management LLC acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth approximately $495,000. Finally, Goldentree Asset Management LP purchased a new position in shares of United Parks & Resorts during the 3rd quarter valued at approximately $71,882,000.

United Parks & Resorts Stock Performance

NYSE:PRKS opened at $59.82 on Monday. The stock has a 50 day moving average price of $54.47 and a 200 day moving average price of $52.61. The stock has a market cap of $3.29 billion, a PE ratio of 14.99 and a beta of 2.00. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.83.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on PRKS. Macquarie cut their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 18th. JPMorgan Chase & Co. cut their target price on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. B. Riley reaffirmed a “buy” rating and issued a $71.00 price target on shares of United Parks & Resorts in a research note on Monday, October 7th. Truist Financial lifted their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Mizuho reissued an “underperform” rating and set a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, United Parks & Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $62.60.

Insider Activity

In other United Parks & Resorts news, insider James Mikolaichik acquired 34,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the transaction, the insider now owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.