Penn Capital Management Company LLC Increases Stock Position in United Parks & Resorts Inc. $PRKS

Penn Capital Management Company LLC raised its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 44.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 414,124 shares of the company’s stock after purchasing an additional 127,732 shares during the period. Penn Capital Management Company LLC owned 0.76% of United Parks & Resorts worth $15,070,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PRKS. JPMorgan Chase & Co. lifted its stake in shares of United Parks & Resorts by 105.1% during the third quarter. JPMorgan Chase & Co. now owns 463,540 shares of the company’s stock valued at $23,965,000 after buying an additional 237,575 shares during the period. Principal Financial Group Inc. purchased a new position in shares of United Parks & Resorts during the third quarter valued at approximately $6,876,000. Clark Estates Inc. NY lifted its stake in shares of United Parks & Resorts by 57.7% during the third quarter. Clark Estates Inc. NY now owns 205,000 shares of the company’s stock valued at $10,598,000 after buying an additional 75,000 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of United Parks & Resorts during the third quarter valued at approximately $26,000,000. Finally, ING Groep NV purchased a new position in shares of United Parks & Resorts during the third quarter valued at approximately $18,095,000.

Analyst Ratings Changes

Several brokerages recently issued reports on PRKS. Zacks Research downgraded shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, April 17th. Mizuho raised shares of United Parks & Resorts from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $27.00 to $47.00 in a research note on Friday, May 8th. Truist Financial upped their price objective on shares of United Parks & Resorts from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Guggenheim reduced their price objective on shares of 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. Finally, Stifel Nicolaus reissued a “hold” rating and set a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a research note on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.20.

United Parks & Resorts Stock Up 1.4%

Shares of NYSE PRKS opened at $37.30 on Wednesday. United Parks & Resorts Inc. has a 52-week low of $28.77 and a 52-week high of $56.95. The firm has a fifty day moving average of $34.62 and a 200-day moving average of $35.14. The stock has a market capitalization of $1.76 billion, a PE ratio of 14.08, a P/E/G ratio of 2.89 and a beta of 1.14.

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

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.