Legal & General Group Plc Invests $2.44 Million in United Parks & Resorts Inc. $PRKS

Legal & General Group Plc purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 51,024 shares of the company’s stock, valued at approximately $2,436,000.

Several other large investors have also made changes to their positions in the company. Quarry LP bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $28,000. Rockefeller Capital Management L.P. raised its position in United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after acquiring an additional 551 shares in the last quarter. Group One Trading LLC acquired a new stake in United Parks & Resorts in the second quarter valued at approximately $31,000. Global Retirement Partners LLC acquired a new stake in United Parks & Resorts in the second quarter valued at approximately $31,000. Finally, Arax Advisory Partners bought a new stake in United Parks & Resorts in the fourth quarter worth approximately $31,000.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $40.28 on Friday. United Parks & Resorts Inc. has a 52 week low of $28.77 and a 52 week high of $56.95. The firm has a market capitalization of $1.83 billion, a PE ratio of 15.86, a PEG ratio of 3.80 and a beta of 1.14. The business’s 50-day simple moving average is $45.00 and its 200-day simple moving average is $39.65.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Barclays raised their price target on shares of United Parks & Resorts from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. Weiss Ratings raised shares of United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. UBS Group restated a “neutral” rating and set a $45.00 target price on shares of United Parks & Resorts in a report on Monday, June 15th. Finally, The Goldman Sachs Group boosted their price target on United Parks & Resorts from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $47.30.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher Finazzo sold 6,622 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was 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 of the company’s stock, valued at approximately $5,465,904.60. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

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.