Northern Trust Corp Increases Stock Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Northern Trust Corp lifted its position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 about 0.61% of United Parks & Resorts worth $18,815,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Orvieto Partners L.P. purchased a new position in United Parks & Resorts during the fourth quarter worth about $3,203,000. T. Rowe Price Investment Management Inc. boosted its stake in United Parks & Resorts by 62.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company's stock worth $59,282,000 after buying an additional 404,120 shares during the period. Dark Forest Capital Management LP purchased a new position in United Parks & Resorts during the fourth quarter worth about $1,147,000. OneDigital Investment Advisors LLC purchased a new position in United Parks & Resorts during the fourth quarter worth about $850,000. Finally, Voss Capital LP boosted its stake in United Parks & Resorts by 0.4% during the fourth quarter. Voss Capital LP now owns 1,447,500 shares of the company's stock worth $81,335,000 after buying an additional 5,838 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. 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 target price for the company. UBS Group started coverage on shares of United Parks & Resorts in a research report on Wednesday, April 9th. They set a "neutral" rating and a $49.00 price target on the stock. Stifel Nicolaus reduced their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Guggenheim increased their price target on shares of United Parks & Resorts from $72.00 to $74.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley increased their price target on shares of United Parks & Resorts from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, United Parks & Resorts presently has an average rating of "Hold" and a consensus target price of $58.15.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $48.90, for a total value of $342,691.20. Following the transaction, the insider now directly owns 11,050 shares in the company, valued at $540,345. This represents a 38.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

United Parks & Resorts Trading Up 0.4%

NYSE:PRKS traded up $0.19 during mid-day trading on Monday, hitting $49.42. The stock had a trading volume of 871,528 shares, compared to its average volume of 891,307. The stock has a 50-day simple moving average of $45.47 and a two-hundred day simple moving average of $51.39. The company has a market capitalization of $2.72 billion, a PE ratio of 12.39 and a beta of 1.51. United Parks & Resorts Inc. has a twelve month low of $37.68 and a twelve month high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate 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 firm's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned ($0.17) EPS. Sell-side analysts predict that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal 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.