United Parks & Resorts Inc. (NYSE:PRKS) Position Increased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 191.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,741 shares of the company's stock after acquiring an additional 34,000 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.09% of United Parks & Resorts worth $2,907,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of United Parks & Resorts by 40.8% during the fourth quarter. Bank of America Corp DE now owns 915,918 shares of the company's stock worth $51,465,000 after purchasing an additional 265,322 shares during the last quarter. National Bank of Canada FI increased its holdings in United Parks & Resorts by 2,024,910.0% in the fourth quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock valued at $22,757,000 after buying an additional 404,982 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in United Parks & Resorts by 0.9% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company's stock valued at $31,203,000 after buying an additional 4,919 shares in the last quarter. Perpetual Ltd lifted its holdings in United Parks & Resorts by 37.8% during the 4th quarter. Perpetual Ltd now owns 459,150 shares of the company's stock worth $25,800,000 after buying an additional 125,912 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of United Parks & Resorts in the 4th quarter worth approximately $30,292,000.

United Parks & Resorts Stock Down 0.2%

United Parks & Resorts stock traded down $0.10 during mid-day trading on Monday, hitting $49.13. 123,390 shares of the company's stock traded hands, compared to its average volume of 888,389. United Parks & Resorts Inc. has a one year low of $37.68 and a one year high of $60.83. The firm has a 50 day moving average price of $45.42 and a 200 day moving average price of $51.41. The company has a market cap of $2.70 billion, a PE ratio of 12.30 and a beta of 1.51.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). The company had revenue of $286.95 million for 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%. United Parks & Resorts's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. On average, analysts expect that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction 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 directly owns 11,050 shares in the company, valued at approximately $540,345. This trade represents a 38.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PRKS shares. Guggenheim upped their price target on United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Barclays started coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They set an "equal weight" rating and a $50.00 target price on the stock. Macquarie decreased their price target on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Morgan Stanley increased their price objective on shares of United Parks & Resorts from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Finally, 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 report on Friday, April 11th. 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. Based on data from MarketBeat.com, United Parks & Resorts currently has a consensus rating of "Hold" and an average target price of $58.15.

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.