Jefferies Financial Group Inc. Acquires 34,000 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Jefferies Financial Group Inc. boosted its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 191.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of United Parks & Resorts in the fourth quarter valued at approximately $72,000. KBC Group NV boosted 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 buying an additional 638 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of United Parks & Resorts by 267.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after purchasing an additional 1,339 shares in the last quarter. Schechter Investment Advisors LLC acquired a new stake in shares of United Parks & Resorts in the 4th quarter valued at $209,000. Finally, Mariner LLC acquired a new stake in shares of United Parks & Resorts in the 4th quarter valued at $214,000.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of the transaction, the insider now directly owns 11,050 shares in the company, valued at $540,345. The trade was a 38.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company's stock.

United Parks & Resorts Stock Performance

Shares of PRKS traded up $0.76 during mid-day trading on Friday, reaching $49.25. 879,409 shares of the company were exchanged, compared to its average volume of 891,841. United Parks & Resorts Inc. has a 52 week low of $37.68 and a 52 week high of $60.83. The stock has a market capitalization of $2.71 billion, a PE ratio of 12.34 and a beta of 1.51. The business has a 50 day simple moving average of $45.42 and a two-hundred day simple moving average of $51.44.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). The firm had revenue of $286.95 million during the quarter, compared to analyst estimates 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 period last year, the business posted ($0.17) EPS. On average, analysts predict that United Parks & Resorts Inc. will post 3.95 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Mizuho boosted their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research note on Thursday, February 27th. UBS Group began coverage on United Parks & Resorts in a report on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price target for the company. Truist Financial cut their price target on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley lifted their price target on United Parks & Resorts from $50.00 to $52.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, Barclays began coverage on United Parks & Resorts in a report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average 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.