Geode Capital Management LLC Sells 49,526 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Geode Capital Management LLC lessened its stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 690,904 shares of the company's stock after selling 49,526 shares during the period. Geode Capital Management LLC owned approximately 1.26% of United Parks & Resorts worth $38,831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in PRKS. Barrow Hanley Mewhinney & Strauss LLC increased its stake 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 valued at $255,575,000 after acquiring an additional 599,043 shares during the last quarter. River Road Asset Management LLC increased its position in shares of United Parks & Resorts by 34.1% during the 4th quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock valued at $99,548,000 after purchasing an additional 450,670 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of United Parks & Resorts by 1.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company's stock valued at $81,609,000 after buying an additional 19,012 shares in the last quarter. State Street Corp bought a new stake in United Parks & Resorts in the 3rd quarter worth approximately $42,787,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in 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.

Insider Activity

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the firm'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 transaction of $342,691.20. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

United Parks & Resorts Price Performance

PRKS traded up $1.31 on Friday, hitting $44.28. The company had a trading volume of 481,615 shares, compared to its average volume of 893,727. United Parks & Resorts Inc. has a 52-week low of $37.68 and a 52-week high of $60.83. The stock has a fifty day simple moving average of $47.87 and a 200-day simple moving average of $52.27. The firm has a market capitalization of $2.44 billion, a P/E ratio of 11.10 and a beta of 1.61.

Analysts Set New Price Targets

PRKS has been the topic of several research reports. Macquarie decreased their price target 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. UBS Group assumed coverage on shares of United Parks & Resorts in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price target for the company. Stifel Nicolaus decreased their price objective on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Truist Financial dropped their target price on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a report on Monday. Finally, Mizuho boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $58.50.

United Parks & Resorts 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.