United Parks & Resorts Inc. $PRKS Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP grew its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 624.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 309,008 shares of the company’s stock after acquiring an additional 266,375 shares during the quarter. Invenomic Capital Management LP’s holdings in United Parks & Resorts were worth $11,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth $28,000. Sound Income Strategies LLC bought a new stake in shares of United Parks & Resorts in the 4th quarter worth $25,000. Arax Advisory Partners bought a new stake in shares of United Parks & Resorts in the 4th quarter worth $31,000. Empowered Funds LLC bought a new stake in shares of United Parks & Resorts in the 4th quarter worth $31,000. Finally, Hantz Financial Services Inc. raised its stake in shares of United Parks & Resorts by 985.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,259 shares of the company’s stock worth $46,000 after buying an additional 1,143 shares in the last quarter.

Analyst Ratings Changes

PRKS has been the topic of a number of research reports. Stifel Nicolaus reissued a “hold” rating and issued a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Guggenheim dropped their price objective on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Zacks Research downgraded United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, April 17th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $47.00.

United Parks & Resorts Stock Down 0.3%

Shares of United Parks & Resorts stock opened at $45.87 on Thursday. The stock’s fifty day moving average is $37.97 and its 200-day moving average is $36.15. The firm has a market capitalization of $2.16 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 3.62 and a beta of 1.17. United Parks & Resorts Inc. has a 12-month low of $28.77 and a 12-month high of $56.95.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Monday, May 11th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). The company had revenue of $278.29 million for the quarter, compared to analyst estimates of $279.92 million. United Parks & Resorts had a negative return on equity of 35.46% and a net margin of 9.09%.The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the firm earned ($0.29) earnings per share. Analysts expect that United Parks & Resorts Inc. will post 3.41 EPS for the current year.

Insider Activity

In other news, insider Christopher L. Finazzo sold 8,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $36.76, for a total transaction of $294,080.00. Following the sale, the insider directly owned 130,285 shares of the company’s stock, valued at $4,789,276.60. The trade was a 5.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by company insiders.

United Parks & Resorts Company Profile

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.