Entropy Technologies LP Takes $832,000 Position in United Parks & Resorts Inc. (NYSE:PRKS)

Entropy Technologies LP purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,443 shares of the company’s stock, valued at approximately $832,000.

Other hedge funds also recently made changes to their positions in the company. Hexagon Capital Partners LLC bought a new stake in United Parks & Resorts during the third quarter valued at $25,000. Exchange Traded Concepts LLC purchased a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $28,000. Blue Trust Inc. purchased a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $30,000. Amalgamated Bank purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $65,000. Finally, Nisa Investment Advisors LLC purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $99,000.

Insiders Place Their Bets

In related news, Director Yoshikazu Maruyama sold 12,984 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the transaction, the director now directly owns 41,766 shares of the company’s stock, valued at approximately $2,091,223.62. This represents a 23.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total value of $1,261,930.78. Following the transaction, the insider now directly owns 85,463 shares of the company’s stock, valued at approximately $4,524,411.22. The trade was a 21.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,366 shares of company stock worth $1,938,984 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PRKS shares. The Goldman Sachs Group lowered United Parks & Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. Guggenheim dropped their target price on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. B. Riley reissued a “buy” rating and issued a $71.00 target price on shares of United Parks & Resorts in a report on Monday, October 7th. Finally, Truist Financial boosted their target price on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, United Parks & Resorts presently has an average rating of “Moderate Buy” and an average target price of $62.60.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $58.73 on Friday. The stock has a market cap of $3.23 billion, a PE ratio of 14.64 and a beta of 2.00. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.36. The stock has a fifty day moving average of $52.18 and a 200 day moving average of $51.85.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). The company had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 EPS. As a group, sell-side analysts predict that United Parks & Resorts Inc. will post 4.01 EPS for the current fiscal year.

About United Parks & Resorts

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.