United Parks & Resorts Inc. (NYSE:PRKS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in United Parks & Resorts Inc. (NYSE:PRKS) by 82.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,993 shares of the company’s stock after selling 119,257 shares during the period. SG Americas Securities LLC’s holdings in United Parks & Resorts were worth $1,182,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its holdings in 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 worth $103,000 after buying an additional 1,339 shares during the last quarter. GAMMA Investing LLC increased its holdings in United Parks & Resorts by 3,233.3% in the 1st quarter. GAMMA Investing LLC now owns 2,500 shares of the company’s stock valued at $114,000 after purchasing an additional 2,425 shares during the last quarter. Schechter Investment Advisors LLC acquired a new stake in United Parks & Resorts in the 4th quarter valued at approximately $209,000. Mariner LLC acquired a new position in shares of United Parks & Resorts in the fourth quarter worth $214,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of United Parks & Resorts in the fourth quarter worth $235,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PRKS. Barclays began 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. Citigroup lowered their target price on shares of United Parks & Resorts from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday. JPMorgan Chase & Co. lowered their target price on shares of United Parks & Resorts from $63.00 to $59.00 and set a “neutral” rating for the company in a research note on Tuesday, May 27th. Macquarie lowered their target price on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, Stifel Nicolaus lowered their target price on shares of United Parks & Resorts from $74.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $57.85.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $41.64 on Tuesday. The company has a 50-day simple moving average of $44.82 and a 200-day simple moving average of $49.65. United Parks & Resorts Inc. has a one year low of $37.68 and a one year high of $60.83. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 10.44 and a beta of 1.44.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results 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 firm had revenue of $286.95 million for the quarter, compared to analysts’ expectations of $294.28 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.17) earnings per share. As a group, research analysts forecast 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.