Group One Trading LLC Buys 6,131 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Group One Trading LLC grew its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 86.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,231 shares of the company's stock after purchasing an additional 6,131 shares during the period. Group One Trading LLC's holdings in United Parks & Resorts were worth $743,000 at the end of the most recent reporting period.

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

Insider Activity at United Parks & Resorts

In other United Parks & Resorts 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 transaction, the insider now owns 11,050 shares in the company, valued at approximately $540,345. This represents a 38.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

United Parks & Resorts Price Performance

NYSE:PRKS traded down $0.14 during mid-day trading on Friday, reaching $45.76. 550,175 shares of the company's stock traded hands, compared to its average volume of 890,090. United Parks & Resorts Inc. has a 12-month low of $37.68 and a 12-month high of $60.83. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 11.47 and a beta of 1.51. The company has a 50 day moving average price of $45.39 and a 200-day moving average price of $51.16.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $286.95 million for the quarter, compared to analysts' expectations of $294.28 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, analysts forecast that United Parks & Resorts Inc. will post 3.95 EPS for the current year.

Analysts Set New Price Targets

PRKS has been the subject of a number of recent research reports. Truist Financial lowered their target price on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Guggenheim boosted their target price 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 lowered their target price on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Mizuho boosted their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research note on Thursday, February 27th. Finally, UBS Group initiated coverage on United Parks & Resorts in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $58.15.

About United Parks & Resorts

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.