Teza Capital Management LLC Sells 12,158 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Teza Capital Management LLC trimmed its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 70.6% during the 4th quarter, HoldingsChannel reports. The fund owned 5,062 shares of the company’s stock after selling 12,158 shares during the quarter. Teza Capital Management LLC’s holdings in United Parks & Resorts were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its holdings in shares of United Parks & Resorts by 38.2% during the 4th quarter. ProShare Advisors LLC now owns 9,201 shares of the company’s stock worth $517,000 after purchasing an additional 2,544 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in United Parks & Resorts in the fourth quarter worth $252,000. JCP Investment Management LLC acquired a new stake in United Parks & Resorts during the fourth quarter worth $5,608,000. Jefferies Financial Group Inc. increased its holdings in United Parks & Resorts by 191.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 51,741 shares of the company’s stock valued at $2,907,000 after buying an additional 34,000 shares during the period. Finally, Group One Trading LLC raised its stake in shares of United Parks & Resorts by 86.4% in the 4th quarter. Group One Trading LLC now owns 13,231 shares of the company’s stock valued at $743,000 after buying an additional 6,131 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on PRKS. UBS Group initiated coverage on shares of United Parks & Resorts in a research report on Wednesday, April 9th. They set a “neutral” rating and a $49.00 target price on the stock. Macquarie lowered their price objective on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Stifel Nicolaus dropped their target price on United Parks & Resorts from $74.00 to $60.00 and set a “buy” rating for the company in a report on Friday, April 11th. Truist Financial decreased their price target on United Parks & Resorts from $62.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley upped their price target on United Parks & Resorts from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $58.15.

Insiders Place Their Bets

In related news, insider Byron Surrett sold 7,008 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 11,050 shares in the company, valued at $540,345. The trade was a 38.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

United Parks & Resorts Stock Performance

Shares of PRKS opened at $48.47 on Wednesday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 12.15 and a beta of 1.51. The stock has a fifty day moving average price of $45.53 and a two-hundred day moving average price of $51.37. United Parks & Resorts Inc. has a 52-week low of $37.68 and a 52-week high of $60.83.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The business had revenue of $286.95 million during the quarter, compared to analyst estimates of $294.28 million. During the same quarter last year, the business posted ($0.17) earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, research analysts predict that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

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.