Penn Capital Management Company LLC Sells 18,110 Shares of United Parks & Resorts Inc. $PRKS

Penn Capital Management Company LLC lowered its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 5.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 286,392 shares of the company’s stock after selling 18,110 shares during the period. Penn Capital Management Company LLC’s holdings in United Parks & Resorts were worth $14,841,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PRKS. CWM LLC boosted its holdings in shares of United Parks & Resorts by 74.3% during the 3rd quarter. CWM LLC now owns 495 shares of the company’s stock worth $26,000 after buying an additional 211 shares in the last quarter. Quarry LP bought a new position in United Parks & Resorts during the third quarter worth $28,000. Federated Hermes Inc. grew its holdings in United Parks & Resorts by 114.0% in the third quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock worth $28,000 after purchasing an additional 293 shares during the period. Neo Ivy Capital Management bought a new stake in United Parks & Resorts in the second quarter valued at $123,000. Finally, Pacer Advisors Inc. acquired a new position in shares of United Parks & Resorts during the third quarter valued at about $154,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PRKS shares. Citigroup reduced their target price on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Truist Financial reduced their price objective on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. Guggenheim decreased their price target on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, Mizuho dropped their price objective on shares of United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating on the stock in a research note on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.40.

United Parks & Resorts Stock Up 2.7%

PRKS stock opened at $32.94 on Wednesday. The firm has a market cap of $1.60 billion, a PE ratio of 10.80, a P/E/G ratio of 2.22 and a beta of 1.18. The business has a 50 day moving average of $35.69 and a 200-day moving average of $40.84. United Parks & Resorts Inc. has a 12-month low of $29.62 and a 12-month high of $56.95.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.18). The company had revenue of $373.55 million during the quarter, compared to analysts’ expectations of $375.87 million. United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.United Parks & Resorts’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. On average, research analysts expect that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

United Parks & Resorts 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.