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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,270 shares of the company's stock after purchasing an additional 12,236 shares during the period. 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 also recently added to or reduced their stakes in the stock. KBC Group NV boosted its position in 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 buying an additional 638 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of United Parks & Resorts by 267.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after acquiring an additional 1,339 shares in the last quarter. Schechter Investment Advisors LLC bought a new stake in shares of United Parks & Resorts during the fourth quarter valued at approximately $209,000. Mariner LLC purchased a new stake in shares of United Parks & Resorts in the fourth quarter valued at approximately $214,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of United Parks & Resorts in the fourth quarter valued at approximately $235,000.

Analyst Ratings Changes

Several research analysts have commented on the company. Stifel Nicolaus reduced their price objective on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Barclays assumed coverage on United Parks & Resorts in a research note on Friday, March 14th. They set an "equal weight" rating and a $50.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th. Macquarie dropped their target price on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, UBS Group began coverage on shares of United Parks & Resorts in a research report on Wednesday, April 9th. They set a "neutral" rating and a $49.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $58.38.

Insider Buying and Selling

In other 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 transaction of $342,691.20. Following the transaction, the insider now owns 11,050 shares in the company, valued at $540,345. This represents a 38.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

United Parks & Resorts Stock Up 0.3%

Shares of NYSE PRKS traded up $0.13 during trading hours on Wednesday, hitting $43.42. 592,449 shares of the stock were exchanged, compared to its average volume of 890,197. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83. The firm has a fifty day moving average price of $44.92 and a 200-day moving average price of $50.62. The company has a market cap of $2.39 billion, a PE ratio of 10.88 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 (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 firm had revenue of $286.95 million during the quarter, compared to analysts' expectations of $294.28 million. During the same period in the prior year, the firm posted ($0.17) earnings per share. United Parks & Resorts's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that United Parks & Resorts Inc. will post 3.95 earnings per share for the current fiscal year.

About United Parks & Resorts

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.