Vanguard Group Inc. Lowers Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Vanguard Group Inc. lessened its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,801,150 shares of the company's stock after selling 138,638 shares during the period. Vanguard Group Inc. owned about 5.09% of United Parks & Resorts worth $157,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRKS. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts during the third quarter valued at approximately $32,000. R Squared Ltd purchased a new position in United Parks & Resorts during the 4th quarter valued at $72,000. KBC Group NV raised its holdings in United Parks & Resorts by 60.2% in the 4th quarter. KBC Group NV now owns 1,698 shares of the company's stock worth $95,000 after purchasing an additional 638 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of United Parks & Resorts by 267.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock worth $103,000 after purchasing an additional 1,339 shares during the period. Finally, Schechter Investment Advisors LLC bought a new stake in shares of United Parks & Resorts during the 4th quarter valued at about $209,000.

United Parks & Resorts Stock Up 0.6 %

United Parks & Resorts stock traded up $0.25 during trading hours on Friday, hitting $41.77. The stock had a trading volume of 704,761 shares, compared to its average volume of 903,955. United Parks & Resorts Inc. has a 12-month low of $37.68 and a 12-month high of $60.83. The stock's 50-day moving average price is $48.63 and its 200-day moving average price is $52.49. The stock has a market capitalization of $2.30 billion, a P/E ratio of 10.47 and a beta of 1.61.

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Insider Activity

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the sale, the insider now owns 11,050 shares in the company, valued at approximately $540,345. This trade represents a 38.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

PRKS has been the subject of a number of research reports. UBS Group assumed coverage on shares of United Parks & Resorts in a research note on Wednesday. They issued a "neutral" rating and a $49.00 price target for the company. Macquarie lowered their target price on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Guggenheim upped their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Barclays initiated coverage on United Parks & Resorts in a research report on Friday, March 14th. They set an "equal weight" rating and a $50.00 price objective for the company. Finally, Truist Financial reduced their target price on shares of 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. One investment 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $59.33.

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.