Nomura Holdings Inc. Has $25.06 Million Stock Position in United Parks & Resorts Inc. $PRKS

Nomura Holdings Inc. reduced its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 88.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 531,463 shares of the company’s stock after selling 3,957,227 shares during the quarter. Nomura Holdings Inc. owned 0.97% of United Parks & Resorts worth $25,058,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in shares of United Parks & Resorts by 238.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,023 shares of the company’s stock worth $190,000 after purchasing an additional 2,835 shares during the period. SkyView Investment Advisors LLC raised its holdings in United Parks & Resorts by 2.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 20,889 shares of the company’s stock valued at $988,000 after acquiring an additional 589 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of United Parks & Resorts by 4.9% in the 2nd quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock worth $424,000 after acquiring an additional 420 shares during the period. Lazard Asset Management LLC lifted its position in shares of United Parks & Resorts by 17.0% in the 2nd quarter. Lazard Asset Management LLC now owns 8,034 shares of the company’s stock worth $377,000 after acquiring an additional 1,165 shares during the period. Finally, HRT Financial LP grew its holdings in shares of United Parks & Resorts by 84.4% during the 2nd quarter. HRT Financial LP now owns 154,209 shares of the company’s stock worth $7,270,000 after purchasing an additional 70,594 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings lowered United Parks & Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 8th. Truist Financial dropped their price objective on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. 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 report on Tuesday, November 11th. JPMorgan Chase & Co. lowered their target price on shares of 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. Finally, The Goldman Sachs Group dropped their price target on shares of United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.82.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $36.65 on Friday. United Parks & Resorts Inc. has a 52 week low of $29.62 and a 52 week high of $60.63. The company’s fifty day moving average is $42.12 and its 200-day moving average is $46.60. The company has a market capitalization of $2.00 billion, a PE ratio of 11.21 and a beta of 1.30.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Thursday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.63). United Parks & Resorts had a negative return on equity of 44.47% and a net margin of 10.83%.The firm had revenue of $511.85 million for the quarter, compared to analyst estimates of $540.43 million. During the same quarter last year, the business earned $2.08 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, analysts forecast that United Parks & Resorts Inc. will post 3.95 EPS for the current year.

United Parks & Resorts declared that its Board of Directors has approved a stock repurchase program on Friday, September 5th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.