Great Lakes Advisors LLC Sells 6,617 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Great Lakes Advisors LLC cut its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,069 shares of the company's stock after selling 6,617 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.10% of United Parks & Resorts worth $3,094,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of United Parks & Resorts in the third quarter valued at $32,000. KBC Group NV acquired a new stake in United Parks & Resorts in the third quarter worth about $54,000. Amalgamated Bank acquired a new stake in United Parks & Resorts in the third quarter worth about $65,000. R Squared Ltd acquired a new stake in United Parks & Resorts in the fourth quarter worth about $72,000. Finally, Steward Partners Investment Advisory LLC increased its position in 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 worth $103,000 after purchasing an additional 1,339 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PRKS. Mizuho raised their target price on United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a report on Thursday, February 27th. Guggenheim lifted their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Barclays assumed coverage on United Parks & Resorts in a report on Friday, March 14th. They set an "equal weight" rating and a $50.00 price objective on the stock. Finally, Macquarie cut their price objective on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $61.36.

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United Parks & Resorts Stock Up 3.8 %

Shares of PRKS stock traded up $1.78 during trading on Wednesday, reaching $48.98. 810,156 shares of the company's stock were exchanged, compared to its average volume of 944,136. The stock has a market capitalization of $2.70 billion, a PE ratio of 12.28 and a beta of 1.96. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83. The firm's fifty day moving average price is $51.94 and its 200-day moving average price is $53.38.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $48.90, for a total value 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 represents a 38.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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.