United Parks & Resorts Inc.
boothcheck covers United Parks & Resorts Inc. (PRKS) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 28, 2026.
- 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: 2026-09-22 (items 5.02, 5.03, 9.01); 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).
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.