Ameriprise Financial Inc. Grows Stock Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Ameriprise Financial Inc. raised its stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 26.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,816 shares of the company's stock after acquiring an additional 8,867 shares during the period. Ameriprise Financial Inc. owned 0.08% of United Parks & Resorts worth $2,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI boosted its stake in shares of United Parks & Resorts by 2,024,910.0% during the fourth quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock worth $22,757,000 after buying an additional 404,982 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of United Parks & Resorts by 0.9% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company's stock worth $31,203,000 after buying an additional 4,919 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of United Parks & Resorts during the fourth quarter worth about $30,292,000. ExodusPoint Capital Management LP boosted its stake in shares of United Parks & Resorts by 82.5% during the fourth quarter. ExodusPoint Capital Management LP now owns 140,201 shares of the company's stock worth $7,878,000 after buying an additional 63,385 shares during the period. Finally, GFG Capital LLC acquired a new stake in shares of United Parks & Resorts during the fourth quarter worth about $301,000.

United Parks & Resorts Price Performance

United Parks & Resorts stock traded down $1.48 during mid-day trading on Friday, reaching $44.82. The company had a trading volume of 761,083 shares, compared to its average volume of 892,950. United Parks & Resorts Inc. has a 1 year low of $37.68 and a 1 year high of $60.83. The company has a market capitalization of $2.46 billion, a P/E ratio of 11.23 and a beta of 1.51. The stock's 50-day simple moving average is $45.10 and its 200-day simple moving average is $50.83.

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 net margin of 13.85% and a negative return on equity of 76.13%. The company had revenue of $286.95 million during the quarter, compared to analysts' expectations of $294.28 million. During the same period last year, the business posted ($0.17) earnings per share. The company's quarterly revenue was down 3.5% on a year-over-year basis. On average, equities analysts forecast that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were 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 $540,345. This trade represents a 38.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PRKS has been the subject of several recent research reports. Truist Financial decreased their target price on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Mizuho increased 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. JPMorgan Chase & Co. cut their price target on shares of United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating for the company in a report on Tuesday. Barclays initiated coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They set an "equal weight" rating and a $50.00 price target for the company. Finally, 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, United Parks & Resorts currently has a consensus rating of "Hold" and an average price target of $58.38.

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.