United Parks & Resorts Inc. (NYSE:PRKS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 87.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,924 shares of the company's stock after selling 579,701 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of United Parks & Resorts worth $4,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $32,000. R Squared Ltd purchased a new stake in United Parks & Resorts in the 4th quarter valued at $72,000. KBC Group NV increased its stake in shares of United Parks & Resorts by 60.2% in the 4th quarter. KBC Group NV now owns 1,698 shares of the company's stock worth $95,000 after acquiring an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of United Parks & Resorts by 267.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock worth $103,000 after acquiring an additional 1,339 shares during the period. Finally, Schechter Investment Advisors LLC purchased a new stake in shares of United Parks & Resorts in the fourth quarter valued at about $209,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PRKS shares. Mizuho increased their price target 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. Macquarie decreased their price target on 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. Barclays started coverage on 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. Truist Financial decreased their target price on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Stifel Nicolaus dropped their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, United Parks & Resorts presently has a consensus rating of "Hold" and a consensus price target of $58.50.

Insider Buying and Selling

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction dated 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 directly owns 11,050 shares of the company's stock, valued at $540,345. The trade was a 38.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

United Parks & Resorts Stock Performance

PRKS stock traded up $2.05 during mid-day trading on Tuesday, reaching $45.15. The company had a trading volume of 810,907 shares, compared to its average volume of 895,053. United Parks & Resorts Inc. has a fifty-two week low of $37.68 and a fifty-two week high of $60.83. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.32 and a beta of 1.61. The firm has a fifty day simple moving average of $47.56 and a 200 day simple moving average of $52.21.

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.