Quantinno Capital Management LP Has $4.79 Million Stake in United Parks & Resorts Inc. $PRKS

Quantinno Capital Management LP increased its position in United Parks & Resorts Inc. (NYSE:PRKS) by 123.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,562 shares of the company’s stock after purchasing an additional 81,093 shares during the period. Quantinno Capital Management LP’s holdings in United Parks & Resorts were worth $4,787,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PRKS. Nomura Holdings Inc. raised its holdings in United Parks & Resorts by 742.3% during the third quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock worth $231,428,000 after buying an additional 3,944,894 shares during the last quarter. Goldentree Asset Management LP lifted its stake in shares of United Parks & Resorts by 83.5% in the fourth quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock valued at $88,366,000 after buying an additional 1,109,930 shares in the last quarter. Long Pond Capital LP acquired a new position in shares of United Parks & Resorts during the fourth quarter valued at about $31,036,000. Cibc World Markets Corp acquired a new position in shares of United Parks & Resorts during the fourth quarter valued at about $18,215,000. Finally, Engine Capital Management LP increased its position in shares of United Parks & Resorts by 96.2% during the fourth quarter. Engine Capital Management LP now owns 856,397 shares of the company’s stock worth $31,087,000 after acquiring an additional 420,000 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on PRKS. The Goldman Sachs Group upped their target price on shares of United Parks & Resorts from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Citizens Jmp initiated coverage on United Parks & Resorts in a report on Monday, June 29th. They set a “market perform” rating for the company. Zacks Research raised United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Mizuho set a $51.00 target price on United Parks & Resorts in a report on Wednesday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 target price (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.10.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $44.30 on Friday. United Parks & Resorts Inc. has a fifty-two week low of $28.77 and a fifty-two week high of $56.95. The stock has a market cap of $2.09 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 3.68 and a beta of 1.16. The firm’s 50-day simple moving average is $45.35 and its 200 day simple moving average is $38.71.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). The firm had revenue of $483.32 million during the quarter, compared to the consensus estimate of $492.10 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. As a group, analysts predict that United Parks & Resorts Inc. will post 3.35 EPS for the current fiscal year.

Insider Activity at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 8,000 shares of United Parks & Resorts 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 in the company, valued at approximately $4,789,276.60. This trade represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

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.