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

Quantbot Technologies LP lessened its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 68.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,427 shares of the company’s stock after selling 47,694 shares during the period. Quantbot Technologies LP’s holdings in United Parks & Resorts were worth $1,260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in United Parks & Resorts during the third quarter valued at about $32,000. R Squared Ltd bought a new position in shares of United Parks & Resorts during the 4th quarter valued at approximately $72,000. KBC Group NV increased its holdings in United Parks & Resorts by 60.2% in 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 increased its holdings in United Parks & Resorts by 267.8% in 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 bought a new stake in United Parks & Resorts during the 4th quarter worth approximately $209,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial dropped their price target 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. Macquarie dropped their target price on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Mizuho raised 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. Guggenheim upped their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Barclays started coverage on United Parks & Resorts in a research note on Friday, March 14th. They set an “equal weight” rating and a $50.00 target price on the stock. One 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.18.

Insider Buying and Selling

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

United Parks & Resorts Price Performance

Shares of PRKS opened at $48.41 on Wednesday. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 12.13 and a beta of 1.96. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.83. The business’s 50 day simple moving average is $51.29 and its 200-day simple moving average is $53.29.

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.