United Parks & Resorts Inc. (NYSE:PRKS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 8.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 197,993 shares of the company’s stock after selling 18,919 shares during the quarter. New York State Common Retirement Fund’s holdings in United Parks & Resorts were worth $11,125,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in shares of United Parks & Resorts during the 3rd quarter valued at $30,000. Raymond James & Associates acquired a new position in shares of United Parks & Resorts during the third quarter worth $4,487,000. DekaBank Deutsche Girozentrale purchased a new position in shares of United Parks & Resorts in the third quarter valued at $115,000. Nisa Investment Advisors LLC acquired a new stake in United Parks & Resorts during the 3rd quarter valued at $99,000. Finally, Hunter Associates Investment Management LLC purchased a new stake in United Parks & Resorts during the 3rd quarter worth $1,359,000.

Analyst Ratings Changes

A number of research firms have weighed in on PRKS. Guggenheim decreased their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Mizuho reissued an “underperform” rating and issued a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. Finally, Truist Financial lifted their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.

Insider Activity

In other news, insider Christopher L. Finazzo sold 13,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the transaction, the insider now directly owns 132,439 shares in the company, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

United Parks & Resorts Stock Up 6.4 %

Shares of NYSE PRKS opened at $55.70 on Tuesday. The stock’s 50 day moving average price is $54.08 and its two-hundred day moving average price is $53.29. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.83. The stock has a market capitalization of $3.06 billion, a P/E ratio of 13.96 and a beta of 1.99.

United Parks & Resorts 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.