1,564,422 Shares in United Parks & Resorts Inc. $PRKS Acquired by Hawk Ridge Capital Management LP

Hawk Ridge Capital Management LP bought a new position in United Parks & Resorts Inc. (NYSE:PRKS) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 1,564,422 shares of the company’s stock, valued at approximately $51,094,000. United Parks & Resorts comprises 1.9% of Hawk Ridge Capital Management LP’s investment portfolio, making the stock its 21st largest holding.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in shares of United Parks & Resorts during the fourth quarter worth $25,000. Quarry LP acquired a new position in United Parks & Resorts in the third quarter valued at $28,000. Empowered Funds LLC acquired a new position in United Parks & Resorts in the fourth quarter valued at $31,000. Arax Advisory Partners purchased a new position in United Parks & Resorts during the fourth quarter worth about $31,000. Finally, Rockefeller Capital Management L.P. lifted its position in United Parks & Resorts by 183.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after buying an additional 551 shares during the period.

Insider Activity

In related news, insider Christopher L. Finazzo sold 8,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $36.76, for a total transaction of $294,080.00. Following the completion of the sale, the insider owned 130,285 shares of the company’s stock, valued at approximately $4,789,276.60. This represents a 5.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PRKS shares. Weiss Ratings raised United Parks & Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Mizuho upgraded shares of United Parks & Resorts from an “underperform” rating to an “outperform” rating and increased their price objective for the stock from $27.00 to $47.00 in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $56.00 target price on shares of United Parks & Resorts in a research report on Monday, July 13th. Northcoast Research assumed coverage on shares of United Parks & Resorts in a report on Wednesday, July 8th. They issued a “neutral” rating for the company. Finally, Citizens Jmp began coverage on shares of United Parks & Resorts in a research report on Monday, June 29th. They set a “market perform” rating for the company. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Hold” and a consensus target price of $47.27.

United Parks & Resorts Trading Down 0.3%

PRKS stock opened at $44.72 on Tuesday. The stock has a 50-day moving average price of $43.95 and a two-hundred day moving average price of $38.25. United Parks & Resorts Inc. has a 12-month low of $28.77 and a 12-month high of $56.95. The company has a market cap of $2.11 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 3.59 and a beta of 1.14.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.33). The firm 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 business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.29) earnings per share. Equities analysts forecast that United Parks & Resorts Inc. will post 3.35 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.