Q Global Advisors LLC Has $16.87 Million Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Q Global Advisors LLC cut its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300,284 shares of the company’s stock after selling 300,000 shares during the period. United Parks & Resorts comprises approximately 17.6% of Q Global Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. Q Global Advisors LLC owned 0.55% of United Parks & Resorts worth $16,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its stake in United Parks & Resorts by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company’s stock worth $2,976,000 after purchasing an additional 258 shares during the last quarter. LPL Financial LLC lifted its stake in United Parks & Resorts by 7.0% during the fourth quarter. LPL Financial LLC now owns 5,316 shares of the company’s stock worth $299,000 after purchasing an additional 350 shares during the last quarter. KBC Group NV lifted its stake in United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company’s stock worth $95,000 after purchasing an additional 638 shares during the last quarter. Cannon Global Investment Management LLC lifted its stake in United Parks & Resorts by 5.9% during the fourth quarter. Cannon Global Investment Management LLC now owns 13,235 shares of the company’s stock worth $744,000 after purchasing an additional 735 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in United Parks & Resorts by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 16,283 shares of the company’s stock worth $915,000 after purchasing an additional 1,021 shares during the last quarter.

Analyst Upgrades and Downgrades

PRKS has been the subject of several research analyst reports. Guggenheim upped their price target on shares of United Parks & Resorts from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Truist Financial lowered their price target on shares of United Parks & Resorts from $62.00 to $52.00 and set a “buy” rating for the company in a report on Monday, April 14th. Mizuho upped their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a report on Thursday, February 27th. UBS Group initiated coverage on shares of United Parks & Resorts in a report on Wednesday, April 9th. They set a “neutral” rating and a $49.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of United Parks & Resorts from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $58.15.

United Parks & Resorts Stock Down 0.3%

NYSE PRKS opened at $45.76 on Friday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 11.47 and a beta of 1.51. United Parks & Resorts Inc. has a twelve month low of $37.68 and a twelve month high of $60.83. The stock has a fifty day simple moving average of $45.39 and a 200 day simple moving average of $51.19.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). The company had revenue of $286.95 million during the quarter, compared to analyst estimates of $294.28 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.17) earnings per share. Research analysts expect that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

Insider Activity at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the transaction, the insider now directly owns 11,050 shares of the company’s stock, valued at $540,345. The trade was a 38.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.

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.