Barrow Hanley Mewhinney & Strauss LLC Increases Stock Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,548,403 shares of the company's stock after acquiring an additional 599,043 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 8.27% of United Parks & Resorts worth $255,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. River Road Asset Management LLC grew its holdings in shares of United Parks & Resorts by 34.1% in the fourth quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock worth $99,548,000 after purchasing an additional 450,670 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of United Parks & Resorts by 1.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company's stock valued at $81,609,000 after buying an additional 19,012 shares in the last quarter. Voss Capital LP boosted its holdings in shares of United Parks & Resorts by 0.4% during the 4th quarter. Voss Capital LP now owns 1,447,500 shares of the company's stock valued at $81,335,000 after buying an additional 5,838 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of United Parks & Resorts by 62.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company's stock valued at $59,282,000 after buying an additional 404,120 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of United Parks & Resorts by 40.8% in the 4th quarter. Bank of America Corp DE now owns 915,918 shares of the company's stock worth $51,465,000 after purchasing an additional 265,322 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Stifel Nicolaus decreased their target price on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Truist Financial cut their price objective on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley boosted their price objective on United Parks & Resorts from $50.00 to $52.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Mizuho boosted their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research note on Thursday, February 27th. Finally, Guggenheim boosted their price objective on United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, United Parks & Resorts presently has a consensus rating of "Hold" and a consensus price target of $58.15.

United Parks & Resorts Trading Down 0.3%

NYSE:PRKS traded down $0.14 during midday trading on Friday, hitting $45.76. 550,175 shares of the company traded hands, compared to its average volume of 890,090. The firm's fifty day moving average is $45.39 and its 200-day moving average is $51.16. United Parks & Resorts Inc. has a 12-month low of $37.68 and a 12-month high of $60.83. The firm has a market capitalization of $2.52 billion, a P/E ratio of 11.47 and a beta of 1.51.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The company had revenue of $286.95 million for the quarter, compared to analysts' expectations of $294.28 million. During the same quarter in the previous year, the company posted ($0.17) EPS. The business's quarterly revenue was down 3.5% on a year-over-year basis. On average, research analysts expect that United Parks & Resorts Inc. will post 3.95 EPS for the current fiscal year.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the sale, the insider now owns 11,050 shares in the company, valued at $540,345. This trade represents a 38.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently 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.