Millennium Management LLC Has $2.04 Million Stock Position in United Parks & Resorts Inc. (NYSE:PRKS)

Millennium Management LLC lowered its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 73.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 36,309 shares of the company's stock after selling 98,871 shares during the period. Millennium Management LLC owned approximately 0.07% of United Parks & Resorts worth $2,040,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PRKS. Envestnet Asset Management Inc. grew its stake in shares of United Parks & Resorts by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock valued at $2,976,000 after purchasing an additional 258 shares during the last quarter. LPL Financial LLC raised its holdings in shares of 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 acquiring an additional 350 shares during the period. KBC Group NV raised its holdings in shares of 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 acquiring an additional 638 shares during the period. Cannon Global Investment Management LLC raised its holdings in shares of 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 acquiring an additional 735 shares during the period. Finally, Victory Capital Management Inc. increased its stake in United Parks & Resorts by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 16,283 shares of the company's stock valued at $915,000 after buying an additional 1,021 shares during the last quarter.

United Parks & Resorts Stock Performance

PRKS traded down $0.34 during trading on Thursday, reaching $43.03. 547,312 shares of the company traded hands, compared to its average volume of 889,642. The firm has a fifty day simple moving average of $44.81 and a 200 day simple moving average of $50.48. United Parks & Resorts Inc. has a 12-month low of $37.68 and a 12-month high of $60.83. The company has a market cap of $2.37 billion, a P/E ratio of 10.78 and a beta of 1.51.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on PRKS. Stifel Nicolaus reduced their target price on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a report on Friday, April 11th. Truist Financial lowered their price objective on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group assumed coverage on shares of United Parks & Resorts in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price target for the company. JPMorgan Chase & Co. decreased 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 research report on Tuesday, May 27th. Finally, Morgan Stanley upped their price objective on shares of 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. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $58.38.

Insider Transactions at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the company's stock in a transaction that occurred on 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 $540,345. This represents a 38.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.30% of the company's stock.

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.