SG Americas Securities LLC Has $8.16 Million Stock Position in United Parks & Resorts Inc. (NYSE:PRKS)

SG Americas Securities LLC raised its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 894.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,250 shares of the company's stock after purchasing an additional 130,640 shares during the quarter. SG Americas Securities LLC owned approximately 0.26% of United Parks & Resorts worth $8,162,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC acquired a new stake in shares of United Parks & Resorts during the third quarter worth $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of United Parks & Resorts during the third quarter worth $28,000. Blue Trust Inc. acquired a new stake in shares of United Parks & Resorts during the third quarter worth $30,000. Public Employees Retirement System of Ohio acquired a new stake in shares of United Parks & Resorts during the third quarter worth $32,000. Finally, KBC Group NV acquired a new stake in shares of United Parks & Resorts during the third quarter worth $54,000.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Guggenheim dropped their price target on United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. Truist Financial boosted their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, November 8th. B. Riley reaffirmed a "buy" rating and issued a $71.00 price target on shares of United Parks & Resorts in a research note on Monday, October 7th. Macquarie dropped their price target on United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Friday, October 18th. Finally, Mizuho reiterated an "underperform" rating and issued a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $62.60.

United Parks & Resorts Trading Down 3.0 %

PRKS traded down $1.61 on Friday, reaching $51.78. The stock had a trading volume of 631,705 shares, compared to its average volume of 974,462. The firm has a 50-day moving average of $56.30 and a 200-day moving average of $53.47. United Parks & Resorts Inc. has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 12.98 and a beta of 1.99.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business had revenue of $545.90 million during the quarter, compared to the consensus estimate of $550.47 million. During the same quarter last year, the business earned $1.92 EPS. The firm's quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts anticipate that United Parks & Resorts Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher L. Finazzo sold 13,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the transaction, the insider now owns 132,439 shares in the company, valued at $7,366,257.18. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Mikolaichik bought 34,000 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the acquisition, the insider now owns 76,267 shares of the company's stock, valued at $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

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.