Quinn Opportunity Partners LLC bought a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,000 shares of the company's stock, valued at approximately $618,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake in United Parks & Resorts by 15.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock worth $255,575,000 after acquiring an additional 599,043 shares during the last quarter. River Road Asset Management LLC boosted its holdings in United Parks & Resorts by 34.1% in the fourth quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock worth $99,548,000 after acquiring an additional 450,670 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of United Parks & Resorts by 1.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company's stock valued at $81,609,000 after acquiring an additional 19,012 shares during the period. State Street Corp purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $42,787,000. Finally, Geode Capital Management LLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $37,472,000.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. 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 note on Monday. Mizuho upped their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a report on Thursday, February 27th. Guggenheim increased 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. Stifel Nicolaus lowered their target price on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Barclays initiated coverage on shares of United Parks & Resorts in a research report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $58.50.
Check Out Our Latest Stock Report on United Parks & Resorts
United Parks & Resorts Stock Up 0.2 %
PRKS traded up $0.10 during trading on Tuesday, hitting $42.78. The company's stock had a trading volume of 481,631 shares, compared to its average volume of 897,305. The firm's 50 day moving average price is $48.44 and its two-hundred day moving average price is $52.44. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 10.72 and a beta of 1.61.
Insiders Place Their Bets
In other 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 directly owns 11,050 shares of the company's stock, valued at $540,345. This trade represents a 38.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company's stock.
About United Parks & Resorts
(
Free Report)
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.
See Also
Before you consider United Parks & Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Parks & Resorts wasn't on the list.
While United Parks & Resorts currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
