Entropy Technologies LP Sells 8,659 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Entropy Technologies LP cut its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 52.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,784 shares of the company's stock after selling 8,659 shares during the quarter. Entropy Technologies LP's holdings in United Parks & Resorts were worth $437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hill Path Capital LP acquired a new position in United Parks & Resorts during the 3rd quarter worth about $1,376,588,000. Simcoe Capital Management LLC acquired a new position in United Parks & Resorts during the 3rd quarter worth about $110,983,000. Goldentree Asset Management LP acquired a new position in United Parks & Resorts during the 3rd quarter worth about $71,882,000. River Road Asset Management LLC acquired a new position in United Parks & Resorts during the 3rd quarter worth about $66,841,000. Finally, HG Vora Capital Management LLC acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $65,780,000.

Wall Street Analysts Forecast Growth

PRKS has been the topic of a number of recent analyst reports. Mizuho reissued an "underperform" rating and issued a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Truist Financial boosted their price objective 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. Finally, Guggenheim dropped their price objective on United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $62.60.

Insiders Place Their Bets

In other United Parks & Resorts news, 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 transaction of $723,060.00. Following the completion of the sale, the insider now directly owns 132,439 shares of the company's stock, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James Mikolaichik bought 34,000 shares of United Parks & Resorts stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the acquisition, the insider now owns 76,267 shares of the company's stock, valued at $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

United Parks & Resorts Stock Performance

PRKS traded down $0.07 during midday trading on Friday, reaching $52.56. 476,944 shares of the company were exchanged, compared to its average volume of 844,994. The company's fifty day moving average price is $54.41 and its 200 day moving average price is $53.01. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 13.17 and a beta of 1.99. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.83.

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.