Deroy & Devereaux Private Investment Counsel Inc. Sells 23,052 Shares of United Parks & Resorts Inc. $PRKS

Deroy & Devereaux Private Investment Counsel Inc. trimmed its position in United Parks & Resorts Inc. (NYSE:PRKS) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 525,724 shares of the company’s stock after selling 23,052 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc. owned 0.96% of United Parks & Resorts worth $19,084,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PRKS. Nomura Holdings Inc. increased its stake in United Parks & Resorts by 742.3% in the third quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock valued at $231,428,000 after acquiring an additional 3,944,894 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in United Parks & Resorts in the third quarter valued at approximately $26,000,000. SG Americas Securities LLC bought a new position in United Parks & Resorts in the third quarter valued at approximately $19,209,000. ING Groep NV bought a new position in United Parks & Resorts in the third quarter valued at approximately $18,095,000. Finally, Melqart Asset Management UK Ltd bought a new position in United Parks & Resorts in the third quarter valued at approximately $15,519,000.

Analyst Ratings Changes

A number of brokerages recently issued reports on PRKS. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Friday, March 27th. Mizuho decreased their price objective on shares of United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating on the stock in a research note on Monday, March 2nd. Citigroup decreased their target price on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Truist Financial boosted their target price on shares of United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Finally, Zacks Research raised shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $47.50.

United Parks & Resorts Trading Up 0.4%

Shares of PRKS opened at $36.08 on Friday. The firm’s fifty day simple moving average is $34.00 and its two-hundred day simple moving average is $38.00. United Parks & Resorts Inc. has a 12 month low of $28.77 and a 12 month high of $56.95. The stock has a market capitalization of $1.75 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.18). United Parks & Resorts had a net margin of 10.13% and a negative return on equity of 41.63%. The business had revenue of $373.55 million during the quarter, compared to analyst estimates of $375.87 million. During the same period in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, research analysts predict that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

United Parks & Resorts 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.