Jane Street Group LLC Sells 53,657 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Jane Street Group LLC trimmed its position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 51.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,377 shares of the company's stock after selling 53,657 shares during the quarter. Jane Street Group LLC owned about 0.09% of United Parks & Resorts worth $2,887,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Barclays PLC acquired a new position in shares of United Parks & Resorts in the 3rd quarter worth approximately $18,222,000. Perpetual Ltd increased its holdings in shares of United Parks & Resorts by 37.8% in the 4th quarter. Perpetual Ltd now owns 459,150 shares of the company's stock valued at $25,800,000 after acquiring an additional 125,912 shares during the period. SG Americas Securities LLC lifted its holdings in shares of United Parks & Resorts by 894.2% during the fourth quarter. SG Americas Securities LLC now owns 145,250 shares of the company's stock worth $8,162,000 after purchasing an additional 130,640 shares during the period. KBC Group NV raised its stake in shares of United Parks & Resorts by 60.2% during the 4th quarter. KBC Group NV now owns 1,698 shares of the company's stock worth $95,000 after buying an additional 638 shares in the last quarter. Finally, R Squared Ltd purchased a new position in United Parks & Resorts in the fourth quarter valued at about $72,000.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the completion of the sale, the insider now directly owns 11,050 shares in the company, valued at $540,345. This represents a 38.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

United Parks & Resorts Trading Down 1.0%

United Parks & Resorts stock traded down $0.48 during mid-day trading on Tuesday, hitting $48.92. The company's stock had a trading volume of 43,859 shares, compared to its average volume of 888,016. The firm has a market capitalization of $2.69 billion, a PE ratio of 12.23 and a beta of 1.51. United Parks & Resorts Inc. has a 1 year low of $37.68 and a 1 year high of $60.83. The stock's fifty day moving average is $45.47 and its two-hundred day moving average is $51.39.

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

Wall Street Analyst Weigh In

PRKS has been the topic of several research analyst reports. Macquarie reduced their price objective on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Truist Financial cut their target price on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus decreased their target price on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, April 11th. UBS Group assumed coverage on United Parks & Resorts in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price target on the stock. Finally, Morgan Stanley boosted their target price 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. 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 company's stock. According to data from MarketBeat.com, United Parks & Resorts has a consensus rating of "Hold" and a consensus price target of $58.15.

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.