371,540 Shares in United Parks & Resorts Inc. $PRKS Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 371,540 shares of the company’s stock, valued at approximately $19,209,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PRKS. Voss Capital LP lifted its stake in shares of United Parks & Resorts by 3.7% during the second quarter. Voss Capital LP now owns 1,965,000 shares of the company’s stock worth $92,650,000 after buying an additional 69,576 shares during the period. River Road Asset Management LLC raised its stake in United Parks & Resorts by 3.0% in the 2nd quarter. River Road Asset Management LLC now owns 1,870,138 shares of the company’s stock worth $88,514,000 after acquiring an additional 54,186 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in United Parks & Resorts by 58.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock worth $30,859,000 after acquiring an additional 251,522 shares during the last quarter. Raymond James Financial Inc. lifted its position in United Parks & Resorts by 3.1% during the 2nd quarter. Raymond James Financial Inc. now owns 562,286 shares of the company’s stock worth $26,512,000 after acquiring an additional 16,648 shares during the period. Finally, Engine Capital Management LP grew its stake in United Parks & Resorts by 19.1% during the 2nd quarter. Engine Capital Management LP now owns 436,397 shares of the company’s stock valued at $20,576,000 after purchasing an additional 70,000 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PRKS. Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. The Goldman Sachs Group cut their price target on shares of United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Monday, December 29th. Barclays decreased their price objective on shares of United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 11th. Finally, Truist Financial dropped their price objective on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, United Parks & Resorts presently has an average rating of “Hold” and a consensus price target of $50.82.

United Parks & Resorts Stock Performance

PRKS opened at $36.88 on Friday. The company has a fifty day moving average of $36.02 and a two-hundred day moving average of $45.58. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.28 and a beta of 1.28. United Parks & Resorts Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $58.51.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Thursday, November 6th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.63). United Parks & Resorts had a net margin of 10.83% and a negative return on equity of 44.47%. The business had revenue of $511.85 million for the quarter, compared to analyst estimates of $540.43 million. During the same quarter last year, the business earned $2.08 earnings per share. United Parks & Resorts’s revenue was down 6.2% on a year-over-year basis. On average, equities research analysts forecast that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Christopher L. Finazzo sold 7,200 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $35.12, for a total value of $252,864.00. Following the completion of the sale, the insider directly owned 138,285 shares in the company, valued at $4,856,569.20. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

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.