AlphaQuest LLC Has $93,000 Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

AlphaQuest LLC lowered its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 81.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,661 shares of the company's stock after selling 7,184 shares during the quarter. AlphaQuest LLC's holdings in United Parks & Resorts were worth $93,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PRKS. Hill Path Capital LP bought a new position in United Parks & Resorts during the third quarter worth $1,376,588,000. Simcoe Capital Management LLC bought a new position in United Parks & Resorts during the third quarter worth $110,983,000. Goldentree Asset Management LP bought a new position in United Parks & Resorts during the third quarter worth $71,882,000. HG Vora Capital Management LLC bought a new stake in United Parks & Resorts in the 3rd quarter valued at $65,780,000. Finally, State Street Corp bought a new stake in United Parks & Resorts in the 3rd quarter valued at $42,787,000.

Analyst Upgrades and Downgrades

PRKS has been the topic of several analyst reports. Guggenheim boosted their price target on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Barclays initiated coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price target on the stock. Mizuho boosted their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a report on Thursday, February 27th. Finally, Macquarie lowered their price target on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. One 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. According to MarketBeat, United Parks & Resorts currently has a consensus rating of "Hold" and a consensus price target of $61.36.

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United Parks & Resorts Stock Performance

Shares of NYSE:PRKS traded up $0.48 on Friday, hitting $49.26. The stock had a trading volume of 911,590 shares, compared to its average volume of 887,906. The firm's 50 day moving average price is $51.48 and its 200-day moving average price is $53.31. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 12.35 and a beta of 1.96. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83.

Insider Buying and Selling

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

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.