Squarepoint Ops LLC Buys New Stake in United Parks & Resorts Inc. (NYSE:PRKS)

Squarepoint Ops LLC bought a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,166 shares of the company's stock, valued at approximately $571,000.

Several other hedge funds and other institutional investors have also bought and sold shares of PRKS. Tidal Investments LLC bought a new stake in shares of United Parks & Resorts in the fourth quarter worth $484,000. ProShare Advisors LLC lifted its stake in shares of United Parks & Resorts by 38.2% in the 4th quarter. ProShare Advisors LLC now owns 9,201 shares of the company's stock worth $517,000 after purchasing an additional 2,544 shares during the period. Occudo Quantitative Strategies LP bought a new position in shares of United Parks & Resorts in the 4th quarter worth approximately $252,000. JCP Investment Management LLC bought a new position in shares of United Parks & Resorts in the 4th quarter worth approximately $5,608,000. Finally, Jefferies Financial Group Inc. lifted its stake in shares of United Parks & Resorts by 191.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 51,741 shares of the company's stock worth $2,907,000 after purchasing an additional 34,000 shares during the period.

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 888,191. United Parks & Resorts Inc. has a 12-month low of $37.68 and a 12-month high of $60.83. The firm has a fifty day simple moving average of $44.86 and a 200 day simple moving average of $50.57. 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 announced its quarterly earnings data on Monday, May 12th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The company had revenue of $286.95 million for the quarter, compared to analysts' expectations of $294.28 million. During the same period last year, the business earned ($0.17) earnings per share. The company's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PRKS. Mizuho increased their price objective on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a research note on Thursday, February 27th. Truist Financial lowered their price objective on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. 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 price objective on the stock. Barclays began coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their price objective 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, May 27th. One investment 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 MarketBeat.com, United Parks & Resorts currently has an average rating of "Hold" and an average target price of $58.38.

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.