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

Two Sigma Investments LP cut its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 70.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC lifted its position in United Parks & Resorts by 15.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock worth $255,575,000 after buying an additional 599,043 shares in the last quarter. River Road Asset Management LLC increased its stake in shares of United Parks & Resorts by 34.1% during the 4th quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock worth $99,548,000 after purchasing an additional 450,670 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of United Parks & Resorts by 1.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company's stock worth $81,609,000 after purchasing an additional 19,012 shares during the last quarter. Voss Capital LP increased its stake in shares of United Parks & Resorts by 0.4% during the 4th quarter. Voss Capital LP now owns 1,447,500 shares of the company's stock worth $81,335,000 after purchasing an additional 5,838 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of United Parks & Resorts by 62.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company's stock worth $59,282,000 after purchasing an additional 404,120 shares during the last quarter.

Insider Transactions at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of the sale, the insider now owns 11,050 shares of the company's stock, valued at approximately $540,345. This represents a 38.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

United Parks & Resorts Stock Down 0.6%

Shares of NYSE:PRKS opened at $42.81 on Friday. The company's 50 day moving average price is $44.75 and its two-hundred day moving average price is $50.39. United Parks & Resorts Inc. has a 12-month low of $37.68 and a 12-month high of $60.83. The firm has a market cap of $2.35 billion, a PE ratio of 10.73 and a beta of 1.44.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PRKS. Truist Financial lowered their price objective on shares of 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. Guggenheim boosted their price objective on shares of United Parks & Resorts from $72.00 to $74.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Morgan Stanley upped their price target on shares of United Parks & Resorts from $50.00 to $52.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. UBS Group began coverage on shares of United Parks & Resorts in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price target on the stock. Finally, Mizuho upped their price target 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, United Parks & Resorts currently has an average rating of "Hold" and an average target price of $58.38.

United Parks & Resorts 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.

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