Teza Capital Management LLC Sells 12,158 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Teza Capital Management LLC trimmed its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 70.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,062 shares of the company's stock after selling 12,158 shares during the period. Teza Capital Management LLC's holdings in United Parks & Resorts were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC increased its holdings 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 purchasing an additional 599,043 shares in the last quarter. River Road Asset Management LLC raised its position in United Parks & Resorts by 34.1% in the 4th quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock valued at $99,548,000 after buying an additional 450,670 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in United Parks & Resorts by 1.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company's stock valued at $81,609,000 after acquiring an additional 19,012 shares in the last quarter. Voss Capital LP boosted its position in 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 acquiring an additional 5,838 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew 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 acquiring an additional 404,120 shares in the last quarter.

United Parks & Resorts Stock Performance

Shares of PRKS stock traded down $0.14 during midday trading on Monday, hitting $45.76. 550,175 shares of the company were exchanged, compared to its average volume of 890,090. United Parks & Resorts Inc. has a 52 week low of $37.68 and a 52 week high of $60.83. The firm has a market capitalization of $2.52 billion, a P/E ratio of 11.47 and a beta of 1.51. The firm's 50 day moving average price is $45.39 and its two-hundred day moving average price is $51.16.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its 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). The firm 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%. United Parks & Resorts's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) EPS. Analysts expect that United Parks & Resorts Inc. will post 3.95 EPS for the current year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the 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 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

PRKS has been the topic of a number of research reports. Truist Financial cut 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 report on Monday, April 14th. Guggenheim raised their price objective on United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. UBS Group began coverage on United Parks & Resorts in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 target price on the stock. Morgan Stanley increased their price target on United Parks & Resorts from $50.00 to $52.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Macquarie lowered their price target on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, United Parks & Resorts has a consensus rating of "Hold" and a consensus target price of $58.15.

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.