Tower Research Capital LLC TRC Trims Stake in United Parks & Resorts Inc. (NYSE:PRKS)

Tower Research Capital LLC TRC lowered its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 90.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 489 shares of the company’s stock after selling 4,877 shares during the quarter. Tower Research Capital LLC TRC’s holdings in United Parks & Resorts were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in United Parks & Resorts by 15.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company’s stock worth $255,575,000 after purchasing an additional 599,043 shares during the period. River Road Asset Management LLC grew its holdings in United Parks & Resorts by 34.1% in the fourth quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company’s stock worth $99,548,000 after purchasing an additional 450,670 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in United Parks & Resorts by 1.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company’s stock worth $81,609,000 after purchasing an additional 19,012 shares during the period. Voss Capital LP grew its holdings in United Parks & Resorts by 0.4% in the fourth quarter. Voss Capital LP now owns 1,447,500 shares of the company’s stock worth $81,335,000 after purchasing an additional 5,838 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of United Parks & Resorts by 0.9% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company’s stock worth $31,203,000 after buying an additional 4,919 shares in the last quarter.

Wall Street Analyst Weigh In

PRKS has been the topic of several analyst reports. Morgan Stanley upped their target price on shares of United Parks & Resorts from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Tuesday. UBS Group initiated coverage on shares of United Parks & Resorts in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $49.00 target price on the stock. Barclays initiated coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They issued an “equal weight” rating and a $50.00 target price on the stock. Macquarie dropped their target price on shares of 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. Finally, Mizuho upped 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 note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $58.15.

Insider Activity at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of the transaction, the insider now directly owns 11,050 shares of the company’s stock, valued at approximately $540,345. This trade represents a 38.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

United Parks & Resorts Trading Up 1.6%

PRKS opened at $49.25 on Friday. The firm’s 50 day simple moving average is $45.42 and its two-hundred day simple moving average is $51.44. The company has a market capitalization of $2.71 billion, a PE ratio of 12.34 and a beta of 1.51. United Parks & Resorts Inc. has a 1-year low of $37.68 and a 1-year high of $60.83.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). The firm had revenue of $286.95 million during the quarter, compared to analysts’ expectations of $294.28 million. United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the company earned ($0.17) earnings per share. Equities analysts forecast that United Parks & Resorts Inc. will post 3.95 earnings per share 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.