River Road Asset Management LLC Makes New Investment in United Parks & Resorts Inc. (NYSE:PRKS)

River Road Asset Management LLC acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,320,966 shares of the company’s stock, valued at approximately $66,841,000. River Road Asset Management LLC owned about 2.28% of United Parks & Resorts as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth $739,000. Handelsbanken Fonder AB acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth $390,000. Hexagon Capital Partners LLC acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth $25,000. Perpetual Ltd acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth $16,862,000. Finally, Inspire Investing LLC acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth $411,000.

Insider Activity at United Parks & Resorts

In related news, insider George Anthony Taylor sold 23,837 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total value of $1,261,930.78. Following the transaction, the insider now owns 85,463 shares in the company, valued at approximately $4,524,411.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total value of $1,261,930.78. Following the completion of the sale, the insider now owns 85,463 shares of the company’s stock, valued at $4,524,411.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jayson Maxwell sold 545 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the completion of the sale, the insider now directly owns 722 shares of the company’s stock, valued at $35,695.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,366 shares of company stock worth $1,938,984. Company insiders own 1.10% of the company’s stock.

United Parks & Resorts Trading Up 0.8 %

NYSE:PRKS opened at $53.00 on Tuesday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 13.84 and a beta of 2.00. The company’s 50-day moving average is $51.28 and its two-hundred day moving average is $51.63. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.36.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.08). The company had revenue of $497.60 million for the quarter, compared to analysts’ expectations of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 earnings per share. On average, equities research analysts forecast that United Parks & Resorts Inc. will post 4.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group cut shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $63.00 to $53.00 in a research note on Thursday, August 8th. Mizuho lowered their price objective on shares of United Parks & Resorts from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Monday, October 28th. Macquarie lowered their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Citigroup increased their price objective on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. Finally, B. Riley reissued a “buy” rating and issued a $71.00 price objective on shares of United Parks & Resorts in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.70.

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.