United Parks & Resorts Inc. (NYSE:PRKS) Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lifted its position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 82.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 140,201 shares of the company's stock after purchasing an additional 63,385 shares during the quarter. ExodusPoint Capital Management LP owned 0.25% of United Parks & Resorts worth $7,878,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PRKS. National Bank of Canada FI boosted its stake in United Parks & Resorts by 2,024,910.0% in the fourth quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock valued at $22,757,000 after acquiring an additional 404,982 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of United Parks & Resorts by 15.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock valued at $255,575,000 after purchasing an additional 599,043 shares in the last quarter. Arrowstreet Capital Limited Partnership grew 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 purchasing an additional 19,012 shares during the period. Rock Creek Group LP raised its holdings in United Parks & Resorts by 11.1% during the 4th quarter. Rock Creek Group LP now owns 50,000 shares of the company's stock worth $2,810,000 after buying an additional 5,000 shares during the period. Finally, Norges Bank acquired a new position in shares of United Parks & Resorts in the fourth quarter valued at approximately $11,356,000.

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Insider Buying and Selling

In related news, insider Byron Surrett sold 7,008 shares of the company'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 transaction, the insider now owns 11,050 shares in the company, valued at approximately $540,345. This represents a 38.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on PRKS. Barclays began 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 on the stock. Truist Financial reduced their price objective on United Parks & Resorts from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. UBS Group assumed coverage on United Parks & Resorts in a research note on Wednesday. They issued a "neutral" rating and a $49.00 target price on the stock. Mizuho raised their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a research note on Thursday, February 27th. Finally, Guggenheim boosted their price objective 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. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $60.17.

United Parks & Resorts Price Performance

NYSE PRKS traded down $3.00 during trading on Thursday, reaching $41.38. 217,918 shares of the company's stock were exchanged, compared to its average volume of 901,953. The business has a 50 day moving average price of $49.09 and a 200-day moving average price of $52.62. The stock has a market capitalization of $2.28 billion, a P/E ratio of 10.34 and a beta of 1.61. United Parks & Resorts Inc. has a fifty-two week low of $37.68 and a fifty-two week high of $60.83.

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.