Holocene Advisors LP Buys New Shares in United Parks & Resorts Inc. (NYSE:PRKS)

Holocene Advisors LP bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 123,926 shares of the company’s stock, valued at approximately $6,271,000. Holocene Advisors LP owned 0.23% of United Parks & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the stock. Hexagon Capital Partners LLC acquired a new position in United Parks & Resorts in the third quarter worth about $25,000. Exchange Traded Concepts LLC acquired a new position in United Parks & Resorts in the third quarter worth about $28,000. Blue Trust Inc. acquired a new position in United Parks & Resorts in the third quarter worth about $30,000. KBC Group NV acquired a new position in United Parks & Resorts in the third quarter worth about $54,000. Finally, Amalgamated Bank acquired a new position in United Parks & Resorts in the third quarter worth about $65,000.

Insider Activity

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

Analyst Ratings Changes

Several research analysts recently issued reports on PRKS shares. Citigroup increased their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Macquarie dropped their price objective 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. Truist Financial raised their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 8th. B. Riley reaffirmed a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a report on Monday, October 7th. Finally, The Goldman Sachs Group lowered shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $63.00 to $53.00 in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, United Parks & Resorts has an average rating of “Moderate Buy” and a consensus price target of $62.60.

United Parks & Resorts Price Performance

PRKS opened at $59.38 on Thursday. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.83. The company’s 50 day simple moving average is $54.13 and its 200-day simple moving average is $52.49. The stock has a market capitalization of $3.27 billion, a P/E ratio of 14.88 and a beta of 2.00.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing the consensus estimate 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 company had revenue of $545.90 million for the quarter, compared to the consensus estimate of $550.47 million. During the same period last year, the company earned $1.92 earnings per share. United Parks & Resorts’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, analysts anticipate that United Parks & Resorts Inc. will post 3.97 EPS for the current year.

United Parks & Resorts 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.