Gotham Asset Management LLC Buys 20,582 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Gotham Asset Management LLC boosted its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 319.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,022 shares of the company's stock after acquiring an additional 20,582 shares during the quarter. Gotham Asset Management LLC's holdings in United Parks & Resorts were worth $1,518,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in United Parks & Resorts in the 4th quarter valued at $72,000. KBC Group NV increased its holdings in shares of United Parks & Resorts by 60.2% in the fourth quarter. KBC Group NV now owns 1,698 shares of the company's stock valued at $95,000 after purchasing an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of 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 valued at $103,000 after purchasing an additional 1,339 shares during the period. Schechter Investment Advisors LLC bought a new position in shares of United Parks & Resorts in the fourth quarter valued at about $209,000. Finally, Mariner LLC acquired a new stake in shares of United Parks & Resorts during the 4th quarter worth about $214,000.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the completion of the transaction, the insider now owns 11,050 shares of the company's stock, valued at $540,345. This represents a 38.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PRKS. Guggenheim upped their price target on shares of United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Mizuho upped their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research report on Thursday, February 27th. Truist Financial dropped their price target on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus reduced their price target on 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. Finally, Morgan Stanley increased their price objective on United Parks & Resorts from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. 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. According to MarketBeat, United Parks & Resorts has an average rating of "Hold" and a consensus price target of $58.15.

United Parks & Resorts Stock Down 1.1%

Shares of PRKS traded down $0.52 during midday trading on Thursday, hitting $44.81. The company's stock had a trading volume of 68,308 shares, compared to its average volume of 898,896. United Parks & Resorts Inc. has a one year low of $37.68 and a one year high of $60.83. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 11.23 and a beta of 1.51. The company's fifty day simple moving average is $45.48 and its two-hundred day simple moving average is $51.33.

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