Breach Inlet Capital Management LLC Purchases 114,119 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Breach Inlet Capital Management LLC grew its holdings in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 100.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 227,419 shares of the company's stock after acquiring an additional 114,119 shares during the period. United Parks & Resorts comprises approximately 9.0% of Breach Inlet Capital Management LLC's holdings, making the stock its 5th biggest holding. Breach Inlet Capital Management LLC owned about 0.41% of United Parks & Resorts worth $12,779,000 as of its most recent SEC filing.

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

Insider Activity

In related news, insider Byron Surrett sold 7,008 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $48.90, for a total value of $342,691.20. Following the sale, the insider now directly owns 11,050 shares in the company, valued at $540,345. This trade represents a 38.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company's stock.

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United Parks & Resorts Trading Down 5.1 %

Shares of PRKS traded down $2.28 during mid-day trading on Thursday, hitting $42.10. 338,503 shares of the company traded hands, compared to its average volume of 902,454. The business has a 50-day moving average of $49.09 and a 200 day moving average of $52.62. United Parks & Resorts Inc. has a one year low of $37.68 and a one year high of $60.83. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.46 and a beta of 1.61.

Analyst Ratings Changes

A number of brokerages recently issued reports on PRKS. Macquarie decreased their target price on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Mizuho upped 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 note on Thursday, February 27th. Guggenheim lifted their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Barclays assumed 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 target for the company. Finally, UBS Group began coverage on United Parks & Resorts in a research note on Wednesday. They issued a "neutral" rating and a $49.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.17.

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.