Arrowstreet Capital Limited Partnership Acquires 19,012 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Arrowstreet Capital Limited Partnership boosted its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,452,380 shares of the company's stock after buying an additional 19,012 shares during the quarter. Arrowstreet Capital Limited Partnership owned 2.64% of United Parks & Resorts worth $81,609,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Hill Path Capital LP purchased a new stake in shares of United Parks & Resorts in the third quarter worth approximately $1,376,588,000. Simcoe Capital Management LLC acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth about $110,983,000. Captrust Financial Advisors bought a new position in United Parks & Resorts during the third quarter worth $478,000. The Manufacturers Life Insurance Company bought a new position in shares of United Parks & Resorts during the 3rd quarter worth about $997,000. Finally, BNP Paribas Financial Markets acquired a new position in United Parks & Resorts in the 3rd quarter valued at approximately $2,849,000.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PRKS shares. Barclays began coverage on United Parks & Resorts in a research report on Friday, March 14th. They set an "equal weight" rating and a $50.00 target price for the company. Truist Financial lowered their price target on shares of United Parks & Resorts from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Macquarie dropped their price target on shares of 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. Mizuho increased their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research note on Thursday, February 27th. Finally, Guggenheim lifted their price target on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $61.18.

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Insider Transactions at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction on Monday, March 10th. The stock was sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of the sale, the insider now 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

United Parks & Resorts Stock Down 2.6 %

NYSE:PRKS traded down $1.13 on Friday, hitting $41.73. The stock had a trading volume of 1,150,433 shares, compared to its average volume of 897,142. The company has a market cap of $2.30 billion, a PE ratio of 10.46 and a beta of 1.96. The business's fifty day moving average is $50.19 and its 200 day moving average is $53.00. United Parks & Resorts Inc. has a 52 week low of $40.78 and a 52 week high of $60.83.

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.