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

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

A number of other hedge funds have also modified their holdings of the business. Barclays PLC acquired a new stake in United Parks & Resorts in the third quarter valued at $18,222,000. KBC Group NV increased its holdings in shares of 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 last quarter. R Squared Ltd purchased a new position in shares of United Parks & Resorts in the 4th quarter valued at about $72,000. Hunter Associates Investment Management LLC raised its position in shares of United Parks & Resorts by 12.2% during the 4th quarter. Hunter Associates Investment Management LLC now owns 30,074 shares of the company's stock worth $1,690,000 after acquiring an additional 3,262 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in 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 purchasing an additional 4,919 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group assumed coverage on United Parks & Resorts in a research report on Wednesday, April 9th. They set a "neutral" rating and a $49.00 target price on the stock. Guggenheim boosted their price objective on United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Macquarie decreased their price objective on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Morgan Stanley raised their target price on shares of United Parks & Resorts from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus reduced their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $58.38.

United Parks & Resorts Price Performance

Shares of NYSE PRKS traded up $1.70 during midday trading on Tuesday, hitting $47.46. 1,044,262 shares of the company's stock were exchanged, compared to its average volume of 890,706. United Parks & Resorts Inc. has a twelve month low of $37.68 and a twelve month high of $60.83. The firm has a market cap of $2.61 billion, a P/E ratio of 11.90 and a beta of 1.51. The stock's 50 day moving average price is $45.32 and its 200-day moving average price is $51.09.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings results 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). 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 in the prior year, the company posted ($0.17) earnings per share. The company's revenue was down 3.5% on a year-over-year basis. On average, analysts expect that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 value of $342,691.20. Following the completion of the transaction, the insider now owns 11,050 shares of the company's stock, valued at approximately $540,345. This trade represents a 38.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

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.