Two Sigma Investments LP Sells 36,529 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Two Sigma Investments LP cut its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 70.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,571 shares of the company's stock after selling 36,529 shares during the quarter. Two Sigma Investments LP's holdings in United Parks & Resorts were worth $875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of United Parks & Resorts by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock worth $2,976,000 after acquiring an additional 258 shares during the last quarter. LPL Financial LLC grew its position in United Parks & Resorts by 7.0% during the 4th quarter. LPL Financial LLC now owns 5,316 shares of the company's stock valued at $299,000 after purchasing an additional 350 shares during the last quarter. KBC Group NV increased its stake in United Parks & Resorts by 60.2% during the 4th quarter. KBC Group NV now owns 1,698 shares of the company's stock valued at $95,000 after purchasing an additional 638 shares in the last quarter. Cannon Global Investment Management LLC raised its holdings in United Parks & Resorts by 5.9% in the fourth quarter. Cannon Global Investment Management LLC now owns 13,235 shares of the company's stock worth $744,000 after buying an additional 735 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of United Parks & Resorts by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 16,283 shares of the company's stock worth $915,000 after buying an additional 1,021 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on PRKS shares. Truist Financial cut their target price on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. 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 price target on the stock. Macquarie reduced their price target on 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. Stifel Nicolaus lowered their price objective on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Mizuho raised their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, United Parks & Resorts currently has an average rating of "Hold" and an average target price of $58.38.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS traded down $0.06 on Tuesday, reaching $42.78. The company's stock had a trading volume of 640,021 shares, compared to its average volume of 885,942. The company has a 50-day simple moving average of $44.65 and a 200 day simple moving average of $50.15. The company has a market cap of $2.35 billion, a P/E ratio of 10.72 and a beta of 1.44. United Parks & Resorts Inc. has a 52-week low of $37.68 and a 52-week high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06). The company had revenue of $286.95 million for the quarter, compared to the consensus estimate of $294.28 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The company's revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.17) earnings per share. On average, equities research analysts forecast that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

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.