LSV Asset Management Has $2.45 Million Stock Position in United Parks & Resorts Inc. $PRKS

LSV Asset Management raised its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 8.8% in the second quarter, HoldingsChannel.com reports. The firm owned 51,900 shares of the company’s stock after purchasing an additional 4,200 shares during the quarter. LSV Asset Management’s holdings in United Parks & Resorts were worth $2,447,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. HG Vora Capital Management LLC boosted its stake in shares of United Parks & Resorts by 180.0% in the 1st quarter. HG Vora Capital Management LLC now owns 1,400,000 shares of the company’s stock valued at $63,644,000 after purchasing an additional 900,000 shares during the last quarter. Voss Capital LP lifted its holdings in United Parks & Resorts by 30.9% in the first quarter. Voss Capital LP now owns 1,895,424 shares of the company’s stock valued at $86,166,000 after buying an additional 447,924 shares during the period. Hawk Ridge Capital Management LP boosted its position in United Parks & Resorts by 21.9% during the first quarter. Hawk Ridge Capital Management LP now owns 1,740,768 shares of the company’s stock valued at $79,135,000 after acquiring an additional 312,970 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in United Parks & Resorts by 58.9% during the first quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock valued at $30,859,000 after acquiring an additional 251,522 shares during the last quarter. Finally, Breach Inlet Capital Management LLC grew its holdings in United Parks & Resorts by 75.1% during the 1st quarter. Breach Inlet Capital Management LLC now owns 398,311 shares of the company’s stock worth $18,107,000 after acquiring an additional 170,892 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PRKS. JPMorgan Chase & Co. dropped their price objective on United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Stifel Nicolaus lowered their target price on United Parks & Resorts from $65.00 to $63.00 and set a “buy” rating for the company in a report on Friday, August 8th. Citigroup boosted their price target on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of United Parks & Resorts in a report on Monday. Finally, Barclays reduced their price objective on shares of United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, United Parks & Resorts presently has an average rating of “Hold” and a consensus price target of $52.09.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $30.31 on Friday. The business’s 50 day simple moving average is $47.35 and its two-hundred day simple moving average is $47.89. The firm has a market cap of $1.65 billion, a P/E ratio of 8.10 and a beta of 1.38. United Parks & Resorts Inc. has a 52-week low of $29.62 and a 52-week high of $60.83.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Thursday, November 6th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.63). United Parks & Resorts had a net margin of 12.39% and a negative return on equity of 47.59%. The firm had revenue of $511.85 million for the quarter, compared to the consensus estimate of $540.43 million. During the same quarter in the prior year, the firm earned $2.08 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. On average, equities analysts forecast that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

United Parks & Resorts declared that its board has authorized a stock buyback program on Friday, September 5th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.