Graham Capital Management L.P. Buys New Position in United Parks & Resorts Inc. (NYSE:PRKS)

Graham Capital Management L.P. bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,239 shares of the company's stock, valued at approximately $1,250,000.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd bought a new stake in United Parks & Resorts in the fourth quarter worth $72,000. KBC Group NV lifted its position in United Parks & Resorts by 60.2% in the fourth quarter. KBC Group NV now owns 1,698 shares of the company's stock worth $95,000 after buying an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in United Parks & Resorts by 267.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock worth $103,000 after buying an additional 1,339 shares during the last quarter. Schechter Investment Advisors LLC bought a new stake in United Parks & Resorts in the fourth quarter worth $209,000. Finally, Mariner LLC bought a new stake in United Parks & Resorts in the fourth quarter worth $214,000.

Insider Buying and Selling

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 transaction of $342,691.20. Following the completion of the transaction, the insider now directly owns 11,050 shares of the company's stock, valued at approximately $540,345. The trade was a 38.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company's stock.

United Parks & Resorts Stock Up 1.6%

Shares of PRKS traded up $0.76 during midday trading on Friday, reaching $49.25. The company had a trading volume of 879,409 shares, compared to its average volume of 891,841. United Parks & Resorts Inc. has a 1-year low of $37.68 and a 1-year high of $60.83. The stock has a market cap of $2.71 billion, a PE ratio of 12.34 and a beta of 1.51. The firm has a 50 day simple moving average of $45.42 and a 200-day simple moving average of $51.44.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The company had revenue of $286.95 million during the quarter, compared to analyst estimates of $294.28 million. During the same period last year, the business earned ($0.17) earnings per share. The firm's revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on PRKS. UBS Group initiated coverage on United Parks & Resorts in a research report on Wednesday, April 9th. They set a "neutral" rating and a $49.00 target price for the company. Barclays assumed coverage on United Parks & Resorts in a research note on Friday, March 14th. They issued an "equal weight" rating and a $50.00 target price on the stock. Truist Financial cut their price objective on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Macquarie cut their price objective on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Stifel Nicolaus cut their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, United Parks & Resorts presently has an average rating of "Hold" and an average target price of $58.15.

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.