Entropy Technologies LP Trims Stake in United Parks & Resorts Inc. (NYSE:PRKS)

Entropy Technologies LP cut its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 52.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,784 shares of the company’s stock after selling 8,659 shares during the quarter. Entropy Technologies LP’s holdings in United Parks & Resorts were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new stake in United Parks & Resorts during the 3rd quarter worth approximately $28,000. Blue Trust Inc. purchased a new position in United Parks & Resorts in the third quarter valued at $30,000. Public Employees Retirement System of Ohio acquired a new position in United Parks & Resorts during the 3rd quarter worth $32,000. KBC Group NV increased its holdings in 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 purchasing an additional 638 shares during the period. Finally, Amalgamated Bank acquired a new stake in United Parks & Resorts in the 3rd quarter valued at about $65,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Macquarie decreased their target price on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Truist Financial upped their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Mizuho restated an “underperform” rating and issued a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Finally, Guggenheim decreased their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS opened at $51.27 on Thursday. The firm has a market cap of $2.82 billion, a P/E ratio of 12.85 and a beta of 1.99. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.83. The firm’s 50 day moving average price is $54.86 and its 200 day moving average price is $53.03.

Insider Activity at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 13,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the transaction, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James Mikolaichik acquired 34,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the acquisition, the insider now directly owns 76,267 shares in the company, valued at $4,369,336.43. The trade was a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

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.