United Parks & Resorts Inc.
In the published model solve dated 2026-Q2, anchored at $46.04, United Parks & Resorts Inc. (PRKS) is priced for -0.1% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
- United Parks runs theme parks including SeaWorld and Busch Gardens, with revenue split between admissions (about 53%) and in-park food, merchandise, and other (47%). It is a high-margin but capital-intensive and seasonal business. - The balance sheet is the defining feature: net debt near $2.24 billion at about 6.6 times operating income, with interest coverage around 2.6 times. Management has used that leverage to buy back stock aggressively, shrinking the share count roughly 10% a year. - At
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203 institutional managers reported holding PRKS in 13F filings for the quarter ended 2026-03-31. 32 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 6.7M shares were sold short as of the 2026-06-15 count, about 14% of shares outstanding (7.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PRKS has cut its share count 37.4% over the past five years, spending $1.67B on repurchases. It pays no dividend. Cash returned over the past three years: $745.69M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at PRKS over the trailing three years. Absence is a fact about the company, not a signal.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PRKS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | -5.8% | -13.8% |
| 2023-11-10 | -3.2% | +8.0% |
| 2024-03-01 | +5.6% | -5.6% |
| 2024-05-10 | +9.1% | +5.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PRKS's latest 8-K filings: 2026-08-04 (items 2.02, 9.01); 2026-06-23 (items 5.07, 9.01); 2026-05-11 (items 2.02, 9.01); 2026-02-26 (items 2.02, 7.01, 9.01); 2026-01-06 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.