Geode Capital Management LLC Decreases Stake in United Parks & Resorts Inc. (NYSE:PRKS)

Geode Capital Management LLC lessened its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 690,904 shares of the company's stock after selling 49,526 shares during the period. Geode Capital Management LLC owned 1.26% of United Parks & Resorts worth $38,831,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. LPL Financial LLC increased 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 valued at $299,000 after purchasing an additional 350 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in United Parks & Resorts in the 3rd quarter valued at $32,000. KBC Group NV increased its stake 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 worth $95,000 after acquiring an additional 638 shares during the last quarter. Cannon Global Investment Management LLC raised its holdings in shares of United Parks & Resorts by 5.9% during the 4th quarter. Cannon Global Investment Management LLC now owns 13,235 shares of the company's stock worth $744,000 after acquiring an additional 735 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of United Parks & Resorts by 6.7% during the 4th quarter. Victory Capital Management Inc. now owns 16,283 shares of the company's stock valued at $915,000 after acquiring an additional 1,021 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PRKS shares. Stifel Nicolaus dropped their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Truist Financial cut 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. Mizuho upped their price target 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. Macquarie cut their price objective on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Guggenheim upped their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $58.50.

United Parks & Resorts Stock Up 3.1 %

PRKS traded up $1.31 during trading on Friday, hitting $44.28. 481,615 shares of the stock were exchanged, compared to its average volume of 895,554. United Parks & Resorts Inc. has a 1-year low of $37.68 and a 1-year high of $60.83. The stock has a fifty day moving average price of $47.72 and a two-hundred day moving average price of $52.27. The firm has a market capitalization of $2.44 billion, a P/E ratio of 11.10 and a beta of 1.61.

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 on Monday, March 10th. The shares were sold at an average price of $48.90, for a total value of $342,691.20. Following the transaction, the insider now directly owns 11,050 shares of the company's stock, valued at approximately $540,345. The trade was a 38.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% 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.