Marshall Wace LLP Sells 20,743 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Marshall Wace LLP cut its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 81.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,667 shares of the company's stock after selling 20,743 shares during the period. Marshall Wace LLP's holdings in United Parks & Resorts were worth $262,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Walleye Trading LLC acquired a new position in United Parks & Resorts in the fourth quarter valued at about $636,000. Mariner LLC acquired a new position in United Parks & Resorts during the fourth quarter worth approximately $214,000. Quinn Opportunity Partners LLC bought a new stake in United Parks & Resorts in the 4th quarter valued at $618,000. Raymond James Financial Inc. bought a new position in shares of United Parks & Resorts in the fourth quarter valued at about $30,292,000. Finally, Renaissance Technologies LLC lifted its position in United Parks & Resorts by 460.0% during the fourth quarter. Renaissance Technologies LLC now owns 50,400 shares of the company's stock worth $2,832,000 after acquiring an additional 41,400 shares during the last quarter.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock traded up $1.23 on Wednesday, hitting $45.53. The company had a trading volume of 774,382 shares, compared to its average volume of 891,403. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 11.41 and a beta of 1.51. The stock has a 50 day moving average of $45.64 and a 200-day moving average of $51.72. United Parks & Resorts Inc. has a 1 year low of $37.68 and a 1 year high of $60.83.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Truist Financial dropped their price target on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Mizuho increased their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research report on Thursday, February 27th. Macquarie cut their price target on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Guggenheim increased their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, UBS Group began coverage on United Parks & Resorts in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price objective on the stock. One 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $57.85.

Insider Buying and Selling

In related news, insider Byron Surrett sold 7,008 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the transaction, the insider now owns 11,050 shares in the company, valued at approximately $540,345. This represents a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

About United Parks & Resorts

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.