Diametric Capital LP Sells 17,905 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Diametric Capital LP reduced its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 46.7% during the fourth quarter, Holdings Channel reports. The firm owned 20,431 shares of the company’s stock after selling 17,905 shares during the period. United Parks & Resorts makes up 0.8% of Diametric Capital LP’s holdings, making the stock its 26th largest holding. Diametric Capital LP’s holdings in United Parks & Resorts were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRKS. LPL Financial LLC increased its stake in United Parks & Resorts by 7.0% in the 4th quarter. LPL Financial LLC now owns 5,316 shares of the company’s stock valued at $299,000 after buying an additional 350 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of United Parks & Resorts during the third quarter valued at approximately $32,000. KBC Group NV lifted its holdings in United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company’s stock worth $95,000 after acquiring an additional 638 shares during the period. Cannon Global Investment Management LLC boosted its position 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 purchasing an additional 735 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in United Parks & Resorts by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 16,283 shares of the company’s stock valued at $915,000 after purchasing an additional 1,021 shares during the period.

United Parks & Resorts Price Performance

PRKS stock opened at $45.39 on Tuesday. The firm has a 50 day simple moving average of $50.83 and a two-hundred day simple moving average of $53.20. The stock has a market cap of $2.50 billion, a PE ratio of 11.38 and a beta of 1.96. United Parks & Resorts Inc. has a one year low of $44.10 and a one year high of $60.83.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PRKS. Mizuho lifted their target price on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research note on Thursday, February 27th. Macquarie dropped their target price on shares of 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 decreased their price target on shares of United Parks & Resorts from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Barclays assumed coverage on United Parks & Resorts in a research note on Friday, March 14th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Finally, Guggenheim raised their target price on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.18.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $48.90, for a total transaction of $342,691.20. Following the sale, the insider now owns 11,050 shares in the company, valued at $540,345. This trade represents a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by 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.