Q Global Advisors LLC trimmed its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 300,284 shares of the company's stock after selling 300,000 shares during the period. United Parks & Resorts makes up about 17.6% of Q Global Advisors LLC's holdings, making the stock its 3rd biggest holding. Q Global Advisors LLC owned 0.55% of United Parks & Resorts worth $16,873,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in PRKS. Barclays PLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth $18,222,000. KBC Group NV boosted its position in United Parks & Resorts by 60.2% during the 4th quarter. KBC Group NV now owns 1,698 shares of the company's stock worth $95,000 after purchasing an additional 638 shares during the period. R Squared Ltd purchased a new stake in United Parks & Resorts during the 4th quarter worth $72,000. Hunter Associates Investment Management LLC boosted its position in 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 purchasing an additional 3,262 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its position in United Parks & Resorts by 0.9% during the 4th 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 period.
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. Company insiders own 1.30% of the company's stock.
United Parks & Resorts Stock Performance
Shares of NYSE:PRKS traded up $0.06 during trading hours on Wednesday, hitting $47.56. The stock had a trading volume of 762,046 shares, compared to its average volume of 890,906. The stock's fifty day simple moving average is $45.26 and its 200 day simple moving average is $51.04. United Parks & Resorts Inc. has a 1-year low of $37.68 and a 1-year high of $60.83. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 11.92 and a beta of 1.51.
United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.06). The company had revenue of $286.95 million during the quarter, compared to the consensus estimate of $294.28 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The company's revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.17) earnings per share. As a group, research analysts anticipate that United Parks & Resorts Inc. will post 3.95 EPS for the current year.
Wall Street Analyst Weigh In
PRKS has been the subject of a number of analyst reports. Guggenheim upped their price objective on shares of United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. 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 report on Tuesday, May 13th. Stifel Nicolaus cut their target price on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. UBS Group began coverage on shares of United Parks & Resorts in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, United Parks & Resorts has an average rating of "Hold" and a consensus target price of $58.38.
View Our Latest Analysis on PRKS
About United Parks & Resorts
(
Free Report)
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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