Goldentree Asset Management LP Acquires New Stake in United Parks & Resorts Inc. (NYSE:PRKS)

Goldentree Asset Management LP acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,422,652 shares of the company’s stock, valued at approximately $71,882,000. United Parks & Resorts accounts for approximately 5.7% of Goldentree Asset Management LP’s holdings, making the stock its 4th biggest holding. Goldentree Asset Management LP owned about 2.59% of United Parks & Resorts as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $25,000. Exchange Traded Concepts LLC purchased a new position in United Parks & Resorts in the third quarter worth $28,000. Blue Trust Inc. acquired a new stake in United Parks & Resorts in the third quarter valued at $30,000. KBC Group NV purchased a new stake in shares of United Parks & Resorts during the 3rd quarter worth $54,000. Finally, Amalgamated Bank acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth $65,000.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the transaction, the director now owns 41,766 shares in the company, valued at $2,091,223.62. This trade represents a 23.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James Mikolaichik acquired 34,000 shares of the stock in a transaction dated Monday, November 18th. The shares were bought 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 directly owns 76,267 shares in the company, valued at approximately $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

PRKS has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Citigroup boosted their price target on United Parks & Resorts from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 18th. Macquarie dropped their price objective on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Guggenheim decreased their target price on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group lowered United Parks & Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the company from $63.00 to $53.00 in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, United Parks & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $62.60.

United Parks & Resorts Trading Up 1.5 %

NYSE:PRKS opened at $58.07 on Friday. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.36. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 14.55 and a beta of 2.00. The company’s 50-day moving average is $53.48 and its two-hundred day moving average is $52.32.

United Parks & Resorts (NYSE:PRKS) last announced 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 analysts’ expectations of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.92 EPS. On average, equities research analysts forecast that United Parks & Resorts Inc. will post 3.97 earnings per share for the current fiscal year.

About United Parks & Resorts

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.