T. Rowe Price Investment Management Inc. increased its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 62.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,055,026 shares of the company's stock after purchasing an additional 404,120 shares during the period. T. Rowe Price Investment Management Inc. owned 1.92% of United Parks & Resorts worth $59,282,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of United Parks & Resorts by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock valued at $2,976,000 after buying an additional 258 shares during the period. LPL Financial LLC grew its position in United Parks & Resorts by 7.0% in the fourth quarter. LPL Financial LLC now owns 5,316 shares of the company's stock worth $299,000 after acquiring an additional 350 shares during the period. KBC Group NV lifted 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 valued at $95,000 after purchasing an additional 638 shares during the last quarter. Cannon Global Investment Management LLC grew 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 purchasing an additional 735 shares during the period. Finally, Victory Capital Management Inc. increased 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 worth $915,000 after purchasing an additional 1,021 shares during the last quarter.
United Parks & Resorts Stock Performance
Shares of NYSE:PRKS traded up $1.46 on Thursday, hitting $45.11. 344,741 shares of the company's stock were exchanged, compared to its average volume of 895,911. United Parks & Resorts Inc. has a 1-year low of $37.68 and a 1-year high of $60.83. The company has a market capitalization of $2.48 billion, a PE ratio of 11.28 and a beta of 1.61. The firm's 50-day moving average is $46.27 and its 200 day moving average is $51.90.
Analysts Set New Price Targets
Several brokerages have weighed in on PRKS. Barclays started coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They set an "equal weight" rating and a $50.00 target price for the company. Mizuho lifted their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a report on Thursday, February 27th. UBS Group started coverage on United Parks & Resorts in a research note on Wednesday, April 9th. They set a "neutral" rating and a $49.00 price target on the stock. Guggenheim lifted their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Truist Financial decreased their target price on 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 given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $58.50.
Get Our Latest Report on PRKS
Insider Buying and Selling
In other news, insider Byron Surrett sold 7,008 shares of the 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 completion of the sale, the insider now owns 11,050 shares in the company, valued at approximately $540,345. This represents a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by company insiders.
United Parks & Resorts Company Profile
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Free Report)
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.
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