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

SG Americas Securities LLC lifted its stake in United Parks & Resorts Inc. (NYSE:PRKS) by 894.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 145,250 shares of the company’s stock after buying an additional 130,640 shares during the period. SG Americas Securities LLC owned about 0.26% of United Parks & Resorts worth $8,162,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PRKS. Perpetual Ltd increased its stake in shares of United Parks & Resorts by 37.8% in the fourth quarter. Perpetual Ltd now owns 459,150 shares of the company’s stock valued at $25,800,000 after buying an additional 125,912 shares in the last quarter. Franklin Resources Inc. acquired a new stake in United Parks & Resorts in the 3rd quarter valued at about $246,000. Virtu Financial LLC bought a new position in shares of United Parks & Resorts in the third quarter worth about $270,000. Geode Capital Management LLC acquired a new position in shares of United Parks & Resorts during the third quarter worth approximately $37,472,000. Finally, ABS Direct Equity Fund LLC bought a new stake in shares of United Parks & Resorts during the third quarter valued at approximately $3,542,000.

Wall Street Analysts Forecast Growth

PRKS has been the topic of a number of recent research reports. B. Riley reiterated a “buy” rating and issued a $71.00 price objective on shares of United Parks & Resorts in a research report on Monday, October 7th. Guggenheim cut their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Macquarie reduced 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 research note on Friday, October 18th. Truist Financial raised their price target on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Mizuho reissued an “underperform” rating and issued a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

Insider Activity

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

United Parks & Resorts Stock Performance

Shares of NYSE PRKS opened at $53.55 on Friday. The stock has a market capitalization of $2.95 billion, a PE ratio of 13.42 and a beta of 1.99. United Parks & Resorts Inc. has a 52 week low of $44.72 and a 52 week high of $60.83. 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 released its quarterly earnings data 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). 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 in the prior year, the company earned $1.92 EPS. United Parks & Resorts’s quarterly revenue was down .4% on a year-over-year basis. As a group, research analysts forecast that United Parks & Resorts Inc. will post 3.96 EPS for the current year.

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.