Thompson Siegel & Walmsley LLC Takes $607,000 Position in United Parks & Resorts Inc. (NYSE:PRKS)

Thompson Siegel & Walmsley LLC bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $607,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. River Road Asset Management LLC purchased a new position in shares of United Parks & Resorts during the third quarter worth approximately $66,841,000. Perpetual Ltd purchased a new position in United Parks & Resorts during the 3rd quarter worth $16,862,000. SG Americas Securities LLC acquired a new position in United Parks & Resorts in the third quarter valued at $739,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of United Parks & Resorts in the third quarter valued at about $27,850,000. Finally, Inspire Investing LLC acquired a new stake in shares of United Parks & Resorts during the third quarter worth about $411,000.

United Parks & Resorts Stock Down 0.1 %

Shares of PRKS opened at $56.81 on Friday. The company has a market capitalization of $3.12 billion, a PE ratio of 14.24 and a beta of 2.00. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.36. The company has a 50-day simple moving average of $52.91 and a 200-day simple moving average of $52.12.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $550.47 million. During the same quarter in the previous year, the business posted $1.92 earnings per share. United Parks & Resorts’s revenue was down .4% on a year-over-year basis. On average, research analysts anticipate that United Parks & Resorts Inc. will post 3.97 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PRKS. Guggenheim dropped their price target 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. Macquarie cut their price target 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. The Goldman Sachs Group lowered shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. B. Riley restated a “buy” rating and set a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $62.60.

Insider Buying and Selling at United Parks & Resorts

In related news, Director Yoshikazu Maruyama sold 12,984 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total value of $650,108.88. Following the sale, the director now owns 41,766 shares of the company’s stock, valued at approximately $2,091,223.62. This represents a 23.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider George Anthony Taylor sold 23,837 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the transaction, the insider now directly owns 85,463 shares of the company’s stock, valued at $4,524,411.22. The trade was a 21.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,366 shares of company stock valued at $1,938,984. Insiders own 1.10% of the company’s stock.

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.