12,662 Shares in United Parks & Resorts Inc. (NYSE:PRKS) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,662 shares of the company’s stock, valued at approximately $641,000.

A number of other large investors have also recently bought and sold shares of PRKS. River Road Asset Management LLC acquired a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $66,841,000. Pinnacle Associates Ltd. bought a new position in United Parks & Resorts in the third quarter valued at $37,679,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in United Parks & Resorts in the 3rd quarter valued at $27,850,000. Eagle Asset Management Inc. bought a new stake in United Parks & Resorts during the 3rd quarter worth about $21,959,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth about $20,898,000.

Insider Buying and Selling

In other United Parks & Resorts news, insider James Mikolaichik bought 34,000 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the acquisition, the insider now owns 76,267 shares of the company’s stock, valued at $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the sale, the director now owns 41,766 shares of the company’s stock, valued at approximately $2,091,223.62. The trade was a 23.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

United Parks & Resorts Stock Performance

NYSE PRKS opened at $58.07 on Friday. The stock has a market cap of $3.19 billion, a PE ratio of 14.55 and a beta of 2.00. The firm has a 50-day moving average of $53.48 and a 200-day moving average of $52.32. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.36.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The company had revenue of $545.90 million for the quarter, compared to analyst estimates of $550.47 million. During the same quarter last year, the business earned $1.92 earnings per share. The company’s revenue was down .4% on a year-over-year basis. As a group, analysts predict that United Parks & Resorts Inc. will post 3.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PRKS shares. Macquarie lowered their target price on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Stifel Nicolaus lowered their price target on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Mizuho reissued an “underperform” rating and issued a $43.00 price objective (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. B. Riley restated a “buy” rating and set a $71.00 target price on shares of United Parks & Resorts in a report on Monday, October 7th. Finally, Citigroup increased their price target on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Parks & Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $62.60.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.