United Parks & Resorts Inc. (NYSE:PRKS) Shares Acquired by River Road Asset Management LLC

River Road Asset Management LLC grew its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,771,636 shares of the company's stock after acquiring an additional 450,670 shares during the quarter. United Parks & Resorts accounts for approximately 1.3% of River Road Asset Management LLC's investment portfolio, making the stock its 18th biggest position. River Road Asset Management LLC owned about 3.22% of United Parks & Resorts worth $99,548,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $32,000. KBC Group NV acquired a new position in shares of United Parks & Resorts in the third quarter valued at approximately $54,000. Amalgamated Bank bought a new position in shares of United Parks & Resorts during the third quarter valued at $65,000. R Squared Ltd bought a new position in United Parks & Resorts during the 4th quarter worth $72,000. Finally, Steward Partners Investment Advisory LLC lifted its stake 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 worth $103,000 after acquiring an additional 1,339 shares during the period.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $540,345. The trade was a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

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United Parks & Resorts Stock Performance

PRKS stock traded up $2.05 during midday trading on Friday, reaching $47.71. The company's stock had a trading volume of 708,619 shares, compared to its average volume of 891,360. The stock has a fifty day simple moving average of $52.55 and a two-hundred day simple moving average of $53.34. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.83. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 11.96 and a beta of 1.96.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Mizuho boosted their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research report on Thursday, February 27th. Macquarie cut 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 report on Thursday, March 6th. Barclays began coverage on shares of United Parks & Resorts in a research report on Friday. They set an "equal weight" rating and a $50.00 target price on the stock. Finally, Guggenheim upped their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given 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.

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.