MetLife Investment Management LLC Sells 620 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

MetLife Investment Management LLC lessened its stake in United Parks & Resorts Inc. (NYSE:PRKS) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,651 shares of the company’s stock after selling 620 shares during the period. MetLife Investment Management LLC’s holdings in United Parks & Resorts were worth $1,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PRKS. Barclays PLC acquired a new position in shares of United Parks & Resorts in the third quarter worth approximately $18,222,000. Virtu Financial LLC acquired a new stake in United Parks & Resorts during the 3rd quarter valued at approximately $270,000. Franklin Resources Inc. bought a new position in United Parks & Resorts during the 3rd quarter worth approximately $246,000. Perpetual Ltd lifted its position in shares of United Parks & Resorts by 37.8% in the 4th quarter. Perpetual Ltd now owns 459,150 shares of the company’s stock worth $25,800,000 after purchasing an additional 125,912 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of United Parks & Resorts by 894.2% in the 4th quarter. SG Americas Securities LLC now owns 145,250 shares of the company’s stock valued at $8,162,000 after purchasing an additional 130,640 shares during the last quarter.

Insider Activity

In related news, insider Byron Surrett sold 7,008 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the transaction, the insider now directly 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 is available at this link. Corporate insiders own 1.10% of the company’s stock.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS opened at $44.91 on Friday. The firm’s 50-day simple moving average is $46.05 and its 200 day simple moving average is $51.87. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 11.26 and a beta of 1.61. United Parks & Resorts Inc. has a fifty-two week low of $37.68 and a fifty-two week high of $60.83.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PRKS. UBS Group initiated coverage on shares of United Parks & Resorts in a report on Wednesday, April 9th. They issued a “neutral” rating and a $49.00 target price on the stock. Mizuho upped their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Thursday, February 27th. Macquarie decreased their target price on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Stifel Nicolaus dropped their price target on United Parks & Resorts from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, Barclays started coverage on shares of United Parks & Resorts in a research report on Friday, March 14th. They set an “equal weight” rating and a $50.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $58.50.

United Parks & Resorts Company 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.