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

SG Americas Securities LLC raised its position in United Parks & Resorts Inc. (NYSE:PRKS) by 894.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 145,250 shares of the company’s stock after purchasing an additional 130,640 shares during the period. SG Americas Securities LLC’s holdings in United Parks & Resorts were worth $8,162,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Hexagon Capital Partners LLC acquired a new stake in United Parks & Resorts in the third quarter valued at approximately $25,000. Exchange Traded Concepts LLC bought a new stake in shares of United Parks & Resorts during the third quarter worth about $28,000. Blue Trust Inc. acquired a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $30,000. Public Employees Retirement System of Ohio bought a new position in United Parks & Resorts in the 3rd quarter valued at about $32,000. Finally, KBC Group NV acquired a new position in United Parks & Resorts during the 3rd quarter valued at about $54,000.

United Parks & Resorts Trading Up 3.0 %

Shares of PRKS opened at $53.55 on Friday. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.83. The company has a market cap of $2.95 billion, a PE ratio of 13.42 and a beta of 1.99. The stock has a 50-day moving average price of $56.30 and a 200-day moving average price of $53.47.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). The company had revenue of $545.90 million for the quarter, compared to the consensus estimate of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.92 earnings per share. As a group, analysts predict that United Parks & Resorts Inc. will post 3.96 earnings per share for the current year.

Insider Buying and Selling at United Parks & Resorts

In other news, insider James Mikolaichik acquired 34,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the acquisition, the insider now owns 76,267 shares in the company, valued at $4,369,336.43. This trade represents a 80.44 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher L. Finazzo sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the sale, the insider now directly owns 132,439 shares in the company, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on PRKS shares. B. Riley reaffirmed a “buy” rating and set a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. Macquarie cut their price objective on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Truist Financial raised their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Guggenheim decreased their price objective on shares of 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. Finally, Mizuho reiterated an “underperform” rating and set a $43.00 price target (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.60.

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.