Barclays PLC trimmed its position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 82.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,116 shares of the company's stock after selling 296,929 shares during the period. Barclays PLC owned approximately 0.11% of United Parks & Resorts worth $3,546,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in shares of United Parks & Resorts by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock worth $2,976,000 after buying an additional 258 shares during the last quarter. LPL Financial LLC raised its holdings in shares of United Parks & Resorts by 7.0% in the fourth quarter. LPL Financial LLC now owns 5,316 shares of the company's stock worth $299,000 after buying an additional 350 shares during the last quarter. KBC Group NV raised its holdings 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 worth $95,000 after purchasing an additional 638 shares during the last quarter. Cannon Global Investment Management LLC increased its holdings in United Parks & Resorts by 5.9% in the fourth quarter. Cannon Global Investment Management LLC now owns 13,235 shares of the company's stock valued at $744,000 after buying an additional 735 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in United Parks & Resorts by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 16,283 shares of the company's stock valued at $915,000 after buying an additional 1,021 shares in the last quarter.
United Parks & Resorts Price Performance
PRKS traded up $1.26 during trading hours on Thursday, reaching $44.91. 1,318,362 shares of the stock traded hands, compared to its average volume of 899,703. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 11.26 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. The firm's fifty day simple moving average is $46.27 and its two-hundred day simple moving average is $51.90.
Insiders Place Their Bets
In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now directly owns 11,050 shares of the company's stock, valued at $540,345. This trade represents a 38.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several research firms recently commented on PRKS. Stifel Nicolaus cut their price target on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a report on Friday, April 11th. Truist Financial lowered their price target on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research report on Monday, April 14th. 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 target price for the company. Guggenheim lifted their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Mizuho lifted their price target on United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, United Parks & Resorts presently has a consensus rating of "Hold" and an average target price of $58.50.
View Our Latest Analysis on United Parks & Resorts
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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