United Parks & Resorts Inc. (NYSE:PRKS) Insider Byron Surrett Sells 7,008 Shares

United Parks & Resorts Inc. (NYSE:PRKS) insider Byron Surrett sold 7,008 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $48.90, for a total value of $342,691.20. Following the completion of the sale, the insider now owns 11,050 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link.

United Parks & Resorts Price Performance

NYSE PRKS traded down $1.73 during mid-day trading on Tuesday, reaching $47.27. 1,036,497 shares of the stock were exchanged, compared to its average volume of 887,346. The stock has a market cap of $2.60 billion, a P/E ratio of 11.85 and a beta of 1.96. The stock has a 50 day simple moving average of $53.15 and a 200-day simple moving average of $53.45. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.83.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PRKS. Mizuho increased their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research report on Thursday, February 27th. Guggenheim lifted their target price on 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, Macquarie dropped their target price on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, United Parks & Resorts has an average rating of “Moderate Buy” and a consensus price target of $62.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jefferies Financial Group Inc. grew its stake in United Parks & Resorts by 191.6% during the fourth quarter. Jefferies Financial Group Inc. now owns 51,741 shares of the company’s stock worth $2,907,000 after purchasing an additional 34,000 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of United Parks & Resorts by 15.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company’s stock worth $255,575,000 after buying an additional 599,043 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of United Parks & Resorts by 14.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 99,270 shares of the company’s stock valued at $5,578,000 after acquiring an additional 12,236 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of United Parks & Resorts in the 4th quarter valued at $571,000. Finally, Tidal Investments LLC acquired a new position in shares of United Parks & Resorts during the 4th quarter valued at $484,000.

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.