Orvieto Partners L.P. Makes New Investment in United Parks & Resorts Inc. (NYSE:PRKS)

Orvieto Partners L.P. bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 57,000 shares of the company's stock, valued at approximately $3,203,000. United Parks & Resorts accounts for about 2.7% of Orvieto Partners L.P.'s investment portfolio, making the stock its 14th biggest holding. Orvieto Partners L.P. owned approximately 0.10% of United Parks & Resorts as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PRKS. Geode Capital Management LLC acquired a new stake in United Parks & Resorts during the third quarter worth approximately $37,472,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in United Parks & Resorts by 15.2% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock worth $255,575,000 after acquiring an additional 599,043 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in United Parks & Resorts during the fourth quarter worth approximately $30,292,000. River Road Asset Management LLC lifted its position in United Parks & Resorts by 34.1% during the fourth quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock worth $99,548,000 after acquiring an additional 450,670 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of United Parks & Resorts by 2,024,910.0% in the fourth quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock valued at $22,757,000 after buying an additional 404,982 shares in the last quarter.

Insider Transactions at United Parks & Resorts

In related 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 transaction of $342,691.20. Following the sale, the insider now owns 11,050 shares in the company, 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 the SEC website. 1.10% of the stock is owned by company insiders.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS traded down $0.53 during mid-day trading on Tuesday, reaching $43.23. 164,721 shares of the company's stock were exchanged, compared to its average volume of 894,470. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 10.84 and a beta of 1.61. The business's fifty day moving average price is $46.65 and its 200-day moving average price is $52.02. United Parks & Resorts Inc. has a twelve month low of $37.68 and a twelve month high of $60.83.

Wall Street Analyst Weigh In

PRKS has been the subject of a number of analyst reports. Mizuho lifted their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research report on Thursday, February 27th. Stifel Nicolaus decreased their price objective on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. UBS Group started coverage on shares of United Parks & Resorts in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price objective on the stock. Macquarie decreased their price objective on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Truist Financial decreased their price objective on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One equities research 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's stock. According to MarketBeat.com, United Parks & Resorts presently has an average rating of "Hold" and a consensus price target of $58.50.

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.