United Parks & Resorts Inc. (NYSE:PRKS) Stock Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 14.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,270 shares of the company's stock after buying an additional 12,236 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of United Parks & Resorts worth $5,578,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PRKS. KBC Group NV increased its holdings in shares of United Parks & Resorts by 60.2% in the 4th 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 last quarter. Steward Partners Investment Advisory LLC boosted its holdings in 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 worth $103,000 after purchasing an additional 1,339 shares during the period. Schechter Investment Advisors LLC bought a new stake in United Parks & Resorts during the fourth quarter valued at $209,000. Mariner LLC bought a new stake in United Parks & Resorts during the fourth quarter valued at $214,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of United Parks & Resorts during the fourth quarter worth $235,000.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the business's stock in a transaction dated 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 directly owns 11,050 shares in the company, valued at approximately $540,345. The trade was a 38.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th. Truist Financial decreased their target price 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. UBS Group began coverage on United Parks & Resorts in a report on Wednesday, April 9th. They set a "neutral" rating and a $49.00 target price for the company. Barclays assumed coverage on United Parks & Resorts in a report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price target on the stock. Finally, Macquarie lowered their price objective 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $58.38.

United Parks & Resorts Trading Down 0.6%

PRKS traded down $0.27 during trading hours on Friday, hitting $42.81. The company's stock had a trading volume of 491,731 shares, compared to its average volume of 889,010. The company has a 50-day simple moving average of $44.75 and a 200 day simple moving average of $50.39. The firm has a market capitalization of $2.35 billion, a PE ratio of 10.73 and a beta of 1.44. 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 (NYSE:PRKS - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.06). United Parks & Resorts had a negative return on equity of 76.13% and a net margin of 13.85%. The business had revenue of $286.95 million during the quarter, compared to the consensus estimate of $294.28 million. During the same period in the previous year, the company posted ($0.17) EPS. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts expect that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

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.