Inspire Investing LLC Raises Stake in United Parks & Resorts Inc. $PRKS

Inspire Investing LLC increased its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 10.7% during the second quarter, HoldingsChannel.com reports. The firm owned 8,346 shares of the company’s stock after buying an additional 806 shares during the period. Inspire Investing LLC’s holdings in United Parks & Resorts were worth $394,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PRKS. HG Vora Capital Management LLC lifted its holdings in United Parks & Resorts by 180.0% during the 1st quarter. HG Vora Capital Management LLC now owns 1,400,000 shares of the company’s stock worth $63,644,000 after purchasing an additional 900,000 shares in the last quarter. Voss Capital LP raised its holdings in shares of United Parks & Resorts by 30.9% in the 1st quarter. Voss Capital LP now owns 1,895,424 shares of the company’s stock valued at $86,166,000 after acquiring an additional 447,924 shares in the last quarter. Hawk Ridge Capital Management LP raised its holdings in shares of United Parks & Resorts by 21.9% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,740,768 shares of the company’s stock valued at $79,135,000 after acquiring an additional 312,970 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of United Parks & Resorts by 58.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock valued at $30,859,000 after acquiring an additional 251,522 shares in the last quarter. Finally, Breach Inlet Capital Management LLC raised its holdings in shares of United Parks & Resorts by 75.1% in the 1st quarter. Breach Inlet Capital Management LLC now owns 398,311 shares of the company’s stock valued at $18,107,000 after acquiring an additional 170,892 shares in the last quarter.

United Parks & Resorts Trading Up 3.4%

Shares of United Parks & Resorts stock opened at $52.33 on Tuesday. The firm has a market capitalization of $2.88 billion, a PE ratio of 13.99 and a beta of 1.34. The business’s 50-day moving average price is $51.77 and its 200-day moving average price is $47.90. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.31). The firm had revenue of $490.21 million for the quarter, compared to the consensus estimate of $505.20 million. United Parks & Resorts had a net margin of 12.39% and a negative return on equity of 47.59%. United Parks & Resorts’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 earnings per share. As a group, analysts predict that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

United Parks & Resorts declared that its Board of Directors has approved a stock repurchase plan on Friday, September 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

PRKS has been the topic of several recent analyst reports. Morgan Stanley lowered their price target on United Parks & Resorts from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, August 4th. Barclays lowered their price target on United Parks & Resorts from $50.00 to $49.00 and set an “equal weight” rating on the stock in a report on Friday, July 11th. Zacks Research raised United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Parks & Resorts in a report on Wednesday, October 8th. Finally, Guggenheim lowered their price target on United Parks & Resorts from $74.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.40.

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.