United Parks & Resorts Inc. (NYSE:PRKS) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 460.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,400 shares of the company's stock after buying an additional 41,400 shares during the period. Renaissance Technologies LLC owned approximately 0.09% of United Parks & Resorts worth $2,832,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of United Parks & Resorts by 15.2% in the 4th 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 in the last quarter. River Road Asset Management LLC lifted its position in shares of United Parks & Resorts by 34.1% during the 4th quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock valued at $99,548,000 after buying an additional 450,670 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in United Parks & Resorts by 1.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company's stock worth $81,609,000 after acquiring an additional 19,012 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of United Parks & Resorts by 0.9% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company's stock valued at $31,203,000 after purchasing an additional 4,919 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of United Parks & Resorts in the fourth quarter valued at about $30,292,000.

Analyst Upgrades and Downgrades

PRKS has been the topic of several recent research reports. Barclays initiated coverage on United Parks & Resorts in a report on Friday, March 14th. They set an "equal weight" rating and a $50.00 price objective on the stock. Macquarie reduced their price target on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Truist Financial decreased their price objective on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a report on Monday, April 14th. Guggenheim raised their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Mizuho raised their target price 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. One 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $58.50.

Insider Activity at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of the firm's stock in a transaction that occurred on 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 owns 11,050 shares in the company, valued at approximately $540,345. This trade represents a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

United Parks & Resorts Stock Down 0.4 %

NYSE:PRKS traded down $0.17 during midday trading on Wednesday, reaching $43.69. The stock had a trading volume of 786,966 shares, compared to its average volume of 898,029. 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 simple moving average of $46.44 and a two-hundred day simple moving average of $51.96. The stock has a market cap of $2.40 billion, a P/E ratio of 10.95 and a beta of 1.61.

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.