United Parks & Resorts Inc. (NYSE:PRKS) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 81.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,661 shares of the company’s stock after selling 7,184 shares during the quarter. AlphaQuest LLC’s holdings in United Parks & Resorts were worth $93,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PRKS. Victory Capital Management Inc. purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $772,000. KBC Group NV purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $54,000. Quest Partners LLC purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $448,000. Pathstone Holdings LLC purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $1,498,000. Finally, Vance Wealth Inc. purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth $209,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Guggenheim increased their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Mizuho increased their target price on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research report on Thursday, February 27th. Macquarie cut their target price 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. Finally, Barclays started coverage on United Parks & Resorts in a research report on Friday, March 14th. They issued an “equal weight” rating and a $50.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $61.36.

Insider Activity

In related news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts 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 transaction, the insider now directly owns 11,050 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

United Parks & Resorts Price Performance

Shares of United Parks & Resorts stock opened at $47.21 on Wednesday. The business has a 50-day moving average of $51.94 and a 200-day moving average of $53.38. The company has a market capitalization of $2.60 billion, a PE ratio of 11.83 and a beta of 1.96. United Parks & Resorts Inc. has a 1-year low of $44.72 and a 1-year high of $60.83.

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.