United Parks And Resorts (SeaWorld): I Think It Could Double In The Rest Of 2025

  • PRKS is my highest conviction investment, poised for a rapid re-rating from the low $40s to $60+ per share, targeting $80 by the end of 2025. Hill Path Capital owns nearly 50% of PRKS and is incentivized to drive significant shareholder value after years of underperformance versus the S&P 500. PRKS is generating record EBITDA, aggressively repurchasing shares, and is trading at a deep discount to peers, with multiple catalysts for upside including potential buybacks or a REIT conversion.