Swiss National Bank Sells 10,500 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Swiss National Bank cut its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,700 shares of the company's stock after selling 10,500 shares during the quarter. Swiss National Bank owned approximately 0.11% of United Parks & Resorts worth $3,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PRKS. Hill Path Capital LP purchased a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $1,376,588,000. Goldentree Asset Management LP bought a new position in United Parks & Resorts in the third quarter worth about $71,882,000. Simcoe Capital Management LLC purchased a new stake in United Parks & Resorts in the third quarter worth about $110,983,000. Quantbot Technologies LP purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth approximately $3,548,000. Finally, Captrust Financial Advisors purchased a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $478,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PRKS. Guggenheim lifted their price target on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Mizuho boosted their price target on United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a research report on Thursday, February 27th. Truist Financial dropped their price objective on United Parks & Resorts from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Macquarie lowered their target price on shares of 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. Finally, Barclays started coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, United Parks & Resorts currently has an average rating of "Hold" and an average price target of $61.18.

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United Parks & Resorts Trading Down 2.2 %

PRKS stock traded down $1.04 during midday trading on Friday, reaching $46.39. 695,418 shares of the company's stock traded hands, compared to its average volume of 896,776. The stock's 50-day moving average is $50.97 and its 200 day moving average is $53.23. The stock has a market cap of $2.55 billion, a P/E ratio of 11.63 and a beta of 1.96. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.83.

Insider Buying and Selling

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the completion of the sale, the insider now owns 11,050 shares in the company, valued at $540,345. This represents a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

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.