Northern Trust Corp Sells 23,235 Shares of United Parks & Resorts Inc. $PRKS

Key Points

• Northern Trust Corp reduced its holdings in United Parks & Resorts by 6.9%, selling 23,235 shares in the first quarter, now owning approximately 311,604 shares valued at $14.17 million.
• Equities research analysts have varied opinions on United Parks & Resorts, with ratings including five Buy, six Hold, and one Sell, and a consensus price target of $57.73.
• United Parks & Resorts reported $1.45 EPS for the last quarter, missing expectations by ($0.31), and revenue declined by 1.5% year-over-year, totaling $490.21 million.

Northern Trust Corp trimmed its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 6.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311,604 shares of the company's stock after selling 23,235 shares during the quarter. Northern Trust Corp owned approximately 0.57% of United Parks & Resorts worth $14,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of United Parks & Resorts by 7.4% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company's stock worth $205,000 after acquiring an additional 310 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of United Parks & Resorts by 11.3% during the first quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock worth $204,000 after acquiring an additional 456 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of United Parks & Resorts during the first quarter worth about $31,000. Rhumbline Advisers raised its position in shares of United Parks & Resorts by 2.5% during the first quarter. Rhumbline Advisers now owns 49,738 shares of the company's stock worth $2,261,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of United Parks & Resorts by 0.3% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 556,918 shares of the company's stock worth $25,317,000 after acquiring an additional 1,609 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research upgraded United Parks & Resorts from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. Guggenheim lowered their target price on United Parks & Resorts from $74.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Citigroup lifted their target price on United Parks & Resorts from $50.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Barclays lowered their target price on United Parks & Resorts from $50.00 to $49.00 and set an "equal weight" rating for the company in a report on Friday, July 11th. Finally, Morgan Stanley lowered their target price on United Parks & Resorts from $52.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $57.73.

United Parks & Resorts Stock Up 2.5%

NYSE PRKS opened at $54.00 on Thursday. The business has a 50 day moving average price of $49.98 and a 200-day moving average price of $47.50. United Parks & Resorts Inc. has a 52 week low of $37.68 and a 52 week high of $60.83. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 14.44 and a beta of 1.34.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.31). United Parks & Resorts had a negative return on equity of 47.59% and a net margin of 12.39%.The company had revenue of $490.21 million for the quarter, compared to the consensus estimate of $505.20 million. During the same quarter last year, the company posted $1.46 EPS. The company's quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

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.

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