Comerica Bank Purchases 36,663 Shares of United Parks & Resorts Inc. $PRKS

Comerica Bank increased its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 89.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,662 shares of the company’s stock after acquiring an additional 36,663 shares during the period. Comerica Bank’s holdings in United Parks & Resorts were worth $2,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Inscription Capital LLC purchased a new position in United Parks & Resorts in the 4th quarter worth approximately $335,000. Ruffer LLP bought a new position in shares of United Parks & Resorts in the 4th quarter worth $3,562,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of United Parks & Resorts by 28.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,077 shares of the company’s stock worth $366,000 after buying an additional 2,210 shares during the last quarter. Bayforest Capital Ltd increased its holdings in shares of United Parks & Resorts by 458.6% in the 4th quarter. Bayforest Capital Ltd now owns 10,736 shares of the company’s stock worth $390,000 after buying an additional 8,814 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in shares of United Parks & Resorts in the 4th quarter worth $25,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on PRKS shares. Zacks Research lowered shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Mizuho decreased their price target on shares of United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating on the stock in a report on Monday, March 2nd. Citigroup decreased their price target on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Finally, Guggenheim decreased their price target on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, United Parks & Resorts presently has a consensus rating of “Hold” and an average target price of $47.50.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS opened at $33.87 on Tuesday. United Parks & Resorts Inc. has a one year low of $28.77 and a one year high of $56.95. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 2.67 and a beta of 1.14. The company’s fifty day moving average price is $33.90 and its 200-day moving average price is $36.71.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.18). United Parks & Resorts had a net margin of 10.13% and a negative return on equity of 41.63%. The business had revenue of $373.55 million during the quarter, compared to analysts’ expectations of $375.87 million. During the same period last year, the company posted $0.50 EPS. United Parks & Resorts’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities research analysts expect that United Parks & Resorts Inc. will post 3.54 EPS for the current year.

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.