United Parks & Resorts Inc. $PRKS Shares Sold by SG Americas Securities LLC

Key Points

• SG Americas Securities cut its stake in United Parks & Resorts by 63.7% in Q4, selling 236,746 shares and leaving it with 134,794 shares (about 0.25% of the company) worth $4.893 million.
• United Parks & Resorts reported a quarterly earnings miss—EPS of $0.28 vs. $0.46 expected and revenue of $373.55 million (down 2.8% year‑over‑year).
• Analysts are mixed but overall cautious: the consensus rating is Hold with a $47 average target, amid individual moves ranging from Citigroup's $39 neutral to Guggenheim's $54 buy and Weiss Ratings' sell.

SG Americas Securities LLC cut its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 63.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,794 shares of the company's stock after selling 236,746 shares during the quarter. SG Americas Securities LLC owned about 0.25% of United Parks & Resorts worth $4,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC lifted its position in United Parks & Resorts by 2,455.2% in the fourth quarter. GAMMA Investing LLC now owns 4,906 shares of the company's stock valued at $178,000 after buying an additional 4,714 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of United Parks & Resorts by 105.1% during the third quarter. JPMorgan Chase & Co. now owns 463,540 shares of the company's stock valued at $23,965,000 after acquiring an additional 237,575 shares during the last quarter. Goldentree Asset Management LP raised its stake in shares of United Parks & Resorts by 9.1% in the 3rd quarter. Goldentree Asset Management LP now owns 1,328,507 shares of the company's stock valued at $68,553,000 after acquiring an additional 111,037 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $26,000,000. Finally, Voss Capital LP lifted its holdings in shares of United Parks & Resorts by 4.3% in the 3rd quarter. Voss Capital LP now owns 2,050,000 shares of the company's stock worth $105,985,000 after acquiring an additional 85,000 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PRKS shares. Citigroup lowered their price objective on shares of United Parks & Resorts from $40.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. Guggenheim decreased their price target on United Parks & Resorts from $56.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, March 2nd. Zacks Research upgraded United Parks & Resorts from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 1st. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of United Parks & Resorts in a research note on Friday, March 27th. Finally, Mizuho dropped their price objective on United Parks & Resorts from $28.00 to $27.00 and set an "underperform" rating for the company in a research note on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.00.

United Parks & Resorts Stock Performance

Shares of PRKS stock opened at $32.88 on Thursday. United Parks & Resorts Inc. has a fifty-two week low of $28.77 and a fifty-two week high of $56.95. The company has a 50 day moving average price of $34.36 and a 200 day moving average price of $39.32. The stock has a market capitalization of $1.60 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 2.26 and a beta of 1.18.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.18). United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.The business had revenue of $373.55 million for the quarter, compared to analyst estimates of $375.87 million. During the same quarter last year, the company earned $0.50 earnings per share. United Parks & Resorts's quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts forecast that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal 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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