SG Americas Securities LLC Sells 104,866 Shares of United Parks & Resorts Inc. $PRKS

SG Americas Securities LLC trimmed its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 77.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,928 shares of the company’s stock after selling 104,866 shares during the quarter. SG Americas Securities LLC’s holdings in United Parks & Resorts were worth $977,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. AQR Capital Management LLC increased its stake in United Parks & Resorts by 11.7% during the first quarter. AQR Capital Management LLC now owns 12,220 shares of the company’s stock worth $556,000 after acquiring an additional 1,282 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of United Parks & Resorts by 58.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock valued at $30,859,000 after purchasing an additional 251,522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of United Parks & Resorts by 3.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company’s stock worth $4,651,000 after purchasing an additional 3,047 shares during the period. Prudential Financial Inc. bought a new position in shares of United Parks & Resorts during the 2nd quarter valued at approximately $208,000. Finally, Invesco Ltd. increased its position in shares of United Parks & Resorts by 5.8% during the 2nd quarter. Invesco Ltd. now owns 77,357 shares of the company’s stock valued at $3,647,000 after purchasing an additional 4,209 shares during the last quarter.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 8,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.76, for a total transaction of $294,080.00. Following the sale, the insider owned 130,285 shares of the company’s stock, valued at $4,789,276.60. This trade represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PRKS shares. UBS Group restated a “neutral” rating and issued a $45.00 price target on shares of United Parks & Resorts in a research report on Monday, June 15th. Truist Financial boosted their price objective on shares of United Parks & Resorts from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Citizens Jmp began coverage on shares of United Parks & Resorts in a research note on Monday, June 29th. They issued a “market perform” rating on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Wednesday, June 24th. Finally, Mizuho upgraded shares of United Parks & Resorts from an “underperform” rating to an “outperform” rating and upped their price target for the company from $27.00 to $47.00 in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, United Parks & Resorts currently has an average rating of “Hold” and an average target price of $47.00.

United Parks & Resorts Stock Performance

NYSE PRKS opened at $48.34 on Friday. United Parks & Resorts Inc. has a one year low of $28.77 and a one year high of $56.95. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 3.81 and a beta of 1.14. The company’s 50-day simple moving average is $40.59 and its two-hundred day simple moving average is $37.07.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Monday, May 11th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.33). United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The company had revenue of $278.29 million for the quarter, compared to the consensus estimate of $279.92 million. During the same period last year, the business posted ($0.29) EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. Equities analysts expect that United Parks & Resorts Inc. will post 3.41 earnings per share for the current fiscal year.

United Parks & Resorts Company 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.