New York State Common Retirement Fund Sells 14,349 Shares of United Parks & Resorts Inc. $PRKS

New York State Common Retirement Fund trimmed its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,344 shares of the company’s stock after selling 14,349 shares during the quarter. New York State Common Retirement Fund owned about 0.33% of United Parks & Resorts worth $9,375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. AQR Capital Management LLC increased its position in shares of United Parks & Resorts by 11.7% in the first quarter. AQR Capital Management LLC now owns 12,220 shares of the company’s stock worth $556,000 after purchasing an additional 1,282 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of United Parks & Resorts by 58.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock worth $30,859,000 after purchasing an additional 251,522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of United Parks & Resorts by 3.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company’s stock valued at $4,651,000 after purchasing an additional 3,047 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in shares of United Parks & Resorts by 11.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,600 shares of the company’s stock valued at $547,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of United Parks & Resorts by 10.7% during the 2nd quarter. Inspire Investing LLC now owns 8,346 shares of the company’s stock valued at $394,000 after buying an additional 806 shares in the last quarter.

United Parks & Resorts Price Performance

Shares of PRKS opened at $34.97 on Wednesday. United Parks & Resorts Inc. has a one year low of $29.62 and a one year high of $58.51. The company has a 50-day simple moving average of $36.43 and a two-hundred day simple moving average of $44.20. The firm has a market capitalization of $1.91 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 2.38 and a beta of 1.27.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Thursday, November 6th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.63). The firm had revenue of $511.85 million during the quarter, compared to analysts’ expectations of $540.43 million. United Parks & Resorts had a net margin of 10.83% and a negative return on equity of 44.47%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.08 EPS. Analysts expect that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

Insider Activity

In related news, insider Christopher L. Finazzo sold 7,200 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $35.12, for a total value of $252,864.00. Following the sale, the insider owned 138,285 shares in the company, valued at $4,856,569.20. This represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Monday, December 29th. Mizuho reduced their price target on United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 12th. JPMorgan Chase & Co. lowered their price objective on United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Finally, The Goldman Sachs Group lowered their price target on shares of United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.82.

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.