Russell Investments Group Ltd. increased its position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 402,680 shares of the company's stock after purchasing an additional 80,770 shares during the quarter. Russell Investments Group Ltd. owned 0.73% of United Parks & Resorts worth $22,532,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in United Parks & Resorts by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock worth $2,976,000 after purchasing an additional 258 shares during the last quarter. Breach Inlet Capital Management LLC boosted its stake in United Parks & Resorts by 100.7% during the 4th quarter. Breach Inlet Capital Management LLC now owns 227,419 shares of the company's stock valued at $12,779,000 after acquiring an additional 114,119 shares during the last quarter. Wells Fargo & Company MN grew its holdings in United Parks & Resorts by 8.0% during the 4th quarter. Wells Fargo & Company MN now owns 67,681 shares of the company's stock worth $3,803,000 after acquiring an additional 4,994 shares in the last quarter. ExodusPoint Capital Management LP increased its position in shares of United Parks & Resorts by 82.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 140,201 shares of the company's stock worth $7,878,000 after purchasing an additional 63,385 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of United Parks & Resorts by 2,024,910.0% in the 4th quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock valued at $22,757,000 after purchasing an additional 404,982 shares in the last quarter.
United Parks & Resorts Stock Performance
Shares of PRKS stock traded up $0.57 during midday trading on Monday, reaching $42.41. 95,543 shares of the company were exchanged, compared to its average volume of 938,447. The company's 50 day moving average price is $48.63 and its two-hundred day moving average price is $52.50. The company has a market cap of $2.33 billion, a P/E ratio of 10.63 and a beta of 1.61. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. 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 research note on Thursday, March 6th. Stifel Nicolaus dropped their price target on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday. UBS Group assumed coverage on United Parks & Resorts in a research note on Wednesday, April 9th. They set a "neutral" rating and a $49.00 price objective on the stock. Truist Financial lowered their target price on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research note on Monday. Finally, Mizuho boosted their price objective 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $58.50.
Read Our Latest Research Report on PRKS
Insider Buying and Selling
In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the stock in a transaction on 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 transaction, the insider now directly owns 11,050 shares of the company's stock, valued at approximately $540,345. This trade represents a 38.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.
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.
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