United Parks & Resorts Inc. (NYSE:PRKS) Shares Sold by Diametric Capital LP

Diametric Capital LP lowered its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 46.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,431 shares of the company's stock after selling 17,905 shares during the period. United Parks & Resorts makes up 0.8% of Diametric Capital LP's holdings, making the stock its 26th biggest holding. Diametric Capital LP's holdings in United Parks & Resorts were worth $1,148,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $32,000. R Squared Ltd purchased a new position in United Parks & Resorts in the fourth quarter worth approximately $72,000. KBC Group NV grew its holdings in United Parks & Resorts by 60.2% during the 4th quarter. KBC Group NV now owns 1,698 shares of the company's stock worth $95,000 after acquiring an additional 638 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in United Parks & Resorts by 267.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock worth $103,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Schechter Investment Advisors LLC purchased a new stake in shares of United Parks & Resorts during the 4th quarter worth $209,000.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of the transaction, the insider now owns 11,050 shares in the company, valued at approximately $540,345. This represents a 38.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

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United Parks & Resorts Price Performance

Shares of NYSE:PRKS traded down $1.13 during trading on Friday, reaching $41.73. The company had a trading volume of 1,150,433 shares, compared to its average volume of 897,142. United Parks & Resorts Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $60.83. The stock's fifty day moving average price is $50.19 and its 200 day moving average price is $53.00. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.46 and a beta of 1.96.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PRKS. Mizuho boosted their target price on United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a research note on Thursday, February 27th. Truist Financial reduced their price objective on shares of United Parks & Resorts from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Barclays started coverage on shares of United Parks & Resorts in a research report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 target price on the stock. Macquarie decreased their price objective 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, Guggenheim raised their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $61.18.

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.