BNP Paribas Financial Markets Has $551,000 Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

BNP Paribas Financial Markets lessened its stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 82.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,803 shares of the company's stock after selling 46,503 shares during the quarter. BNP Paribas Financial Markets' holdings in United Parks & Resorts were worth $551,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PRKS. R Squared Ltd acquired a new stake in shares of United Parks & Resorts in the 4th quarter valued at approximately $72,000. KBC Group NV raised its stake in United Parks & Resorts by 60.2% in the 4th quarter. KBC Group NV now owns 1,698 shares of the company's stock valued at $95,000 after acquiring an additional 638 shares during the period. Steward Partners Investment Advisory LLC raised its stake in United Parks & Resorts by 267.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after acquiring an additional 1,339 shares during the period. Schechter Investment Advisors LLC bought a new stake in United Parks & Resorts in the 4th quarter valued at $209,000. Finally, Mariner LLC bought a new stake in United Parks & Resorts in the 4th quarter valued at $214,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PRKS. Mizuho increased their price target on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. dropped their price target on United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating on the stock in a research note on Tuesday. Morgan Stanley increased their price target on United Parks & Resorts from $50.00 to $52.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Barclays began coverage on United Parks & Resorts in a research note on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price target on the stock. Finally, Macquarie dropped their price target on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $58.38.

United Parks & Resorts Trading Down 2.8%

PRKS stock traded down $1.32 during trading hours on Thursday, hitting $46.37. 719,653 shares of the stock were exchanged, compared to its average volume of 891,501. The firm has a market capitalization of $2.55 billion, a P/E ratio of 11.62 and a beta of 1.51. The company has a 50-day simple moving average of $45.17 and a two-hundred day simple moving average of $50.97. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.29) 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 the consensus estimate of $294.28 million. During the same quarter in the previous year, the business posted ($0.17) EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities research analysts predict that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Byron Surrett sold 7,008 shares of the firm'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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is 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.