Sei Investments Co. Boosts Stock Holdings in United Parks & Resorts Inc. $PRKS

Sei Investments Co. grew its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 54.6% in the 1st quarter, HoldingsChannel reports. The firm owned 54,578 shares of the company’s stock after buying an additional 19,266 shares during the quarter. Sei Investments Co.’s holdings in United Parks & Resorts were worth $1,783,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in United Parks & Resorts by 11.7% during the first quarter. AQR Capital Management LLC now owns 12,220 shares of the company’s stock valued at $556,000 after buying an additional 1,282 shares during the period. Goldman Sachs Group Inc. lifted its holdings 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 worth $30,859,000 after buying an additional 251,522 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in United Parks & Resorts by 3.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company’s stock worth $4,651,000 after buying an additional 3,047 shares during the period. Prudential Financial Inc. bought a new stake in United Parks & Resorts during the 2nd quarter valued at $208,000. Finally, Invesco Ltd. boosted its position in United Parks & Resorts by 5.8% during the 2nd quarter. Invesco Ltd. now owns 77,357 shares of the company’s stock valued at $3,647,000 after acquiring an additional 4,209 shares in the last quarter.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $45.05 on Monday. The stock has a market cap of $2.12 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16. The stock has a 50-day moving average of $45.45 and a two-hundred day moving average of $38.76. United Parks & Resorts Inc. has a one year low of $28.77 and a one year high of $56.95.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The business had revenue of $483.32 million for the quarter, compared to analysts’ expectations of $492.10 million. During the same quarter in the previous year, the firm posted $1.45 EPS. United Parks & Resorts’s revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that United Parks & Resorts Inc. will post 3.07 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 that occurred on Friday, May 22nd. The shares were sold at an average price of $36.76, for a total value of $294,080.00. Following the completion of the sale, the insider directly owned 130,285 shares in the company, valued at $4,789,276.60. This trade represents a 5.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $55.00 price target on United Parks & Resorts in a research report on Thursday. Weiss Ratings raised United Parks & Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Citizens Jmp assumed coverage on United Parks & Resorts in a research note on Monday, June 29th. They issued a “market perform” rating on the stock. UBS Group reiterated a “neutral” rating and issued a $45.00 target price on shares of United Parks & Resorts in a report on Monday, June 15th. Finally, Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, United Parks & Resorts presently has an average rating of “Hold” and an average target price of $48.10.

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.