UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in United Parks & Resorts Inc. $PRKS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 21.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 62,061 shares of the company’s stock after selling 17,410 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in United Parks & Resorts were worth $2,963,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in United Parks & Resorts in the 2nd quarter worth about $263,000. Jefferies Financial Group Inc. bought a new stake in shares of United Parks & Resorts during the 2nd quarter valued at about $331,000. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts during the second quarter worth about $53,000. Corient Private Wealth LP purchased a new position in shares of United Parks & Resorts during the second quarter worth about $4,685,000. Finally, Bank of America Corp DE bought a new position in shares of United Parks & Resorts in the second quarter worth approximately $26,222,000.

United Parks & Resorts Trading Down 2.3%

Shares of NYSE PRKS opened at $37.92 on Friday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 3.65 and a beta of 1.14. United Parks & Resorts Inc. has a 1-year low of $28.77 and a 1-year high of $55.71. The stock’s 50-day moving average is $44.36 and its 200 day moving average is $39.81.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). The firm had revenue of $483.32 million during the quarter, compared to the consensus estimate of $492.10 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 EPS. On average, analysts forecast that United Parks & Resorts Inc. will post 2.85 EPS for the current fiscal year.

Insider Activity at United Parks & Resorts

In other news, insider Christopher Finazzo sold 6,622 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total value of $292,692.40. Following the completion of the sale, the insider directly owned 123,663 shares in the company, valued at approximately $5,465,904.60. The trade was a 5.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

PRKS has been the topic of a number of recent analyst reports. Guggenheim raised their target price on shares of United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of United Parks & Resorts in a report on Thursday, August 6th. Citizens Jmp started coverage on shares of United Parks & Resorts in a research report on Monday, June 29th. They set a “market perform” rating on the stock. Finally, Barclays lifted their price objective on shares of United Parks & Resorts from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.90.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.