Charles Schwab Investment Management Inc. Has $23.80 Million Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Charles Schwab Investment Management Inc. raised its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,565 shares of the company's stock after buying an additional 10,566 shares during the period. Charles Schwab Investment Management Inc. owned about 0.77% of United Parks & Resorts worth $23,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PRKS. Public Employees Retirement System of Ohio acquired a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $32,000. KBC Group NV acquired a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $54,000. R Squared Ltd acquired a new stake in shares of United Parks & Resorts in the fourth quarter valued at approximately $72,000. Steward Partners Investment Advisory LLC increased its holdings in shares of United Parks & Resorts by 267.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Vance Wealth Inc. acquired a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $209,000.

Wall Street Analysts Forecast Growth

PRKS has been the topic of a number of recent research reports. Guggenheim raised their price objective on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. 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 price objective on the stock. Mizuho raised their price objective on shares of 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, Macquarie reduced their price objective 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $61.36.

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United Parks & Resorts Price Performance

Shares of NYSE PRKS traded up $0.48 during midday trading on Friday, reaching $49.26. 911,590 shares of the stock were exchanged, compared to its average volume of 887,906. The business has a 50-day simple moving average of $51.48 and a two-hundred day simple moving average of $53.31. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 12.35 and a beta of 1.96. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.83.

Insider Transactions at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of the company's stock in a transaction 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 directly owns 11,050 shares of the company's stock, valued at approximately $540,345. This represents a 38.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

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.