Quantbot Technologies LP Sells 47,694 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Quantbot Technologies LP reduced its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 68.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,427 shares of the company's stock after selling 47,694 shares during the quarter. Quantbot Technologies LP's holdings in United Parks & Resorts were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in United Parks & Resorts in the 3rd quarter worth approximately $32,000. R Squared Ltd bought a new stake in shares of United Parks & Resorts in the fourth quarter worth $72,000. KBC Group NV increased its position in United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company's stock valued at $95,000 after acquiring an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in United Parks & Resorts by 267.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after acquiring an additional 1,339 shares during the period. Finally, Schechter Investment Advisors LLC purchased a new position in United Parks & Resorts in the fourth quarter worth about $209,000.

United Parks & Resorts Trading Down 2.2 %

PRKS traded down $1.04 on Friday, hitting $46.39. 695,418 shares of the company's stock traded hands, compared to its average volume of 896,776. The company's 50 day simple moving average is $50.97 and its 200-day simple moving average is $53.21. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.83. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 11.63 and a beta of 1.96.

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Analysts Set New Price Targets

Several research firms have recently commented on PRKS. Barclays assumed coverage on shares of United Parks & Resorts in a research report on Friday, March 14th. They set an "equal weight" rating and a $50.00 price target for the company. Truist Financial decreased their price target on shares of United Parks & Resorts from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday. Macquarie cut 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 report on Thursday, March 6th. Guggenheim raised their target price on United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Mizuho boosted their price target on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $61.18.

Insider Activity

In related news, insider Byron Surrett sold 7,008 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the sale, the insider now directly owns 11,050 shares in the company, valued at approximately $540,345. The trade was a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

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.