Hotchkis & Wiley Capital Management LLC Acquires New Position in United Parks & Resorts Inc. (NYSE:PRKS)

Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 241,595 shares of the company’s stock, valued at approximately $12,225,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.44% of United Parks & Resorts at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC bought a new stake in United Parks & Resorts during the 3rd quarter valued at about $25,000. Exchange Traded Concepts LLC bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $28,000. Blue Trust Inc. bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $30,000. KBC Group NV purchased a new stake in shares of United Parks & Resorts in the 3rd quarter worth approximately $54,000. Finally, Amalgamated Bank purchased a new stake in shares of United Parks & Resorts in the 3rd quarter worth approximately $65,000.

United Parks & Resorts Stock Down 1.8 %

Shares of NYSE:PRKS opened at $59.18 on Wednesday. The business has a fifty day moving average of $53.96 and a two-hundred day moving average of $52.44. The stock has a market cap of $3.26 billion, a P/E ratio of 14.83 and a beta of 2.00. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.83.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results 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). The company had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The firm’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 earnings per share. On average, equities analysts anticipate that United Parks & Resorts Inc. will post 3.97 earnings per share for the current year.

Insider Buying and Selling

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of United Parks & Resorts stock in a transaction that occurred on Thursday, September 5th. The stock was 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 in the company, valued at approximately $4,524,411.22. This trade represents a 21.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James Mikolaichik bought 34,000 shares of the stock in a transaction on Monday, November 18th. The stock was bought at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the purchase, the insider now directly owns 76,267 shares in the company, valued at approximately $4,369,336.43. The trade was a 80.44 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PRKS shares. Macquarie lowered their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered their price target on shares of United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus decreased their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group cut shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.