United Parks & Resorts Inc. $PRKS Shares Sold by Brant Point Investment Management LLC

Brant Point Investment Management LLC reduced its stake in United Parks & Resorts Inc. (NYSE:PRKS) by 40.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,709 shares of the company’s stock after selling 29,841 shares during the quarter. Brant Point Investment Management LLC’s holdings in United Parks & Resorts were worth $2,108,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. HG Vora Capital Management LLC boosted its holdings in United Parks & Resorts by 180.0% in the 1st quarter. HG Vora Capital Management LLC now owns 1,400,000 shares of the company’s stock valued at $63,644,000 after purchasing an additional 900,000 shares during the last quarter. Voss Capital LP raised its position in shares of United Parks & Resorts by 30.9% during the 1st quarter. Voss Capital LP now owns 1,895,424 shares of the company’s stock valued at $86,166,000 after buying an additional 447,924 shares during the period. Hawk Ridge Capital Management LP lifted its holdings in United Parks & Resorts by 21.9% in the first quarter. Hawk Ridge Capital Management LP now owns 1,740,768 shares of the company’s stock valued at $79,135,000 after acquiring an additional 312,970 shares during the last quarter. Norges Bank acquired a new position in United Parks & Resorts in the second quarter valued at approximately $12,019,000. Finally, Goldman Sachs Group Inc. grew its position in United Parks & Resorts by 58.9% in the first quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock worth $30,859,000 after acquiring an additional 251,522 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. The Goldman Sachs Group decreased their price target on United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Zacks Research lowered shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. decreased their target price on shares of United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Barclays dropped their price target on shares of United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of United Parks & Resorts in a research note on Monday, December 1st. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.82.

United Parks & Resorts Price Performance

Shares of United Parks & Resorts stock opened at $35.54 on Monday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.87 and a beta of 1.31. The business has a 50-day moving average of $43.84 and a 200 day moving average of $46.95. United Parks & Resorts Inc. has a 12 month low of $29.62 and a 12 month high of $60.63.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.63). United Parks & Resorts had a negative return on equity of 44.47% and a net margin of 10.83%.The business had revenue of $511.85 million for the quarter, compared to analyst estimates of $540.43 million. During the same period in the prior year, the company posted $2.08 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. Equities research analysts anticipate that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

United Parks & Resorts declared that its Board of Directors has approved a stock buyback plan on Friday, September 5th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

About United Parks & Resorts

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.