Northern Trust Corp Has $18.82 Million Stake in United Parks & Resorts Inc. (NYSE:PRKS)

Northern Trust Corp boosted its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,839 shares of the company's stock after purchasing an additional 10,484 shares during the quarter. Northern Trust Corp owned approximately 0.61% of United Parks & Resorts worth $18,815,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PRKS. Barclays PLC acquired a new position in shares of United Parks & Resorts during the third quarter valued at $18,222,000. Perpetual Ltd boosted its holdings in shares of United Parks & Resorts by 37.8% during the fourth quarter. Perpetual Ltd now owns 459,150 shares of the company's stock valued at $25,800,000 after acquiring an additional 125,912 shares during the period. SG Americas Securities LLC boosted its holdings in shares of United Parks & Resorts by 894.2% during the fourth quarter. SG Americas Securities LLC now owns 145,250 shares of the company's stock valued at $8,162,000 after acquiring an additional 130,640 shares during the period. KBC Group NV boosted its holdings in shares of United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company's stock valued at $95,000 after acquiring an additional 638 shares during the period. Finally, R Squared Ltd acquired a new position in shares of United Parks & Resorts during the fourth quarter valued at $72,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PRKS shares. Truist Financial cut 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. Guggenheim lifted their price objective on shares of United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday. Mizuho lifted their price objective 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. Morgan Stanley lifted their price objective on shares of United Parks & Resorts from $50.00 to $52.00 and gave the company an "equal weight" rating in a research note on Tuesday. Finally, Barclays started coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They set an "equal weight" rating and a $50.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, United Parks & Resorts presently has an average rating of "Hold" and a consensus price target of $58.15.

Insiders Place Their Bets

In other United Parks & Resorts 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 sale, the insider now owns 11,050 shares in the company, valued at approximately $540,345. The trade was a 38.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

United Parks & Resorts Stock Up 1.6%

United Parks & Resorts stock traded up $0.76 during midday trading on Friday, hitting $49.25. The company's stock had a trading volume of 879,409 shares, compared to its average volume of 891,841. The stock's 50-day moving average price is $45.42 and its 200-day moving average price is $51.44. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83. The company has a market capitalization of $2.71 billion, a PE ratio of 12.34 and a beta of 1.51.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.06). The company had revenue of $286.95 million for the quarter, compared to analyst estimates of $294.28 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. United Parks & Resorts's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.17) EPS. As a group, equities analysts anticipate that United Parks & Resorts Inc. will post 3.95 EPS for the current year.

United Parks & Resorts 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.