United Parks & Resorts Inc. (NYSE:PRKS) is Bwcp LP's 8th Largest Position

Bwcp LP raised its stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 412,064 shares of the company's stock after purchasing an additional 42,624 shares during the quarter. United Parks & Resorts accounts for about 5.0% of Bwcp LP's portfolio, making the stock its 8th biggest position. Bwcp LP owned approximately 0.75% of United Parks & Resorts worth $23,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of PRKS. Freestone Grove Partners LP purchased a new position in United Parks & Resorts during the fourth quarter worth about $471,000. Comerica Bank grew its holdings in shares of United Parks & Resorts by 23.3% in the fourth quarter. Comerica Bank now owns 8,690 shares of the company's stock valued at $488,000 after acquiring an additional 1,644 shares in the last quarter. Northern Trust Corp increased its position in shares of United Parks & Resorts by 3.2% during the fourth quarter. Northern Trust Corp now owns 334,839 shares of the company's stock valued at $18,815,000 after acquiring an additional 10,484 shares during the last quarter. Orvieto Partners L.P. bought a new stake in United Parks & Resorts during the fourth quarter worth $3,203,000. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of United Parks & Resorts by 62.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company's stock worth $59,282,000 after purchasing an additional 404,120 shares during the period.

Insider Activity

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the 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 transaction, the insider now directly owns 11,050 shares in the company, valued at $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 is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PRKS shares. Macquarie reduced their target price on shares of 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. 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 report on Thursday, February 27th. Guggenheim lifted 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. Truist Financial dropped 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 report on Monday, April 14th. Finally, Stifel Nicolaus reduced their target price 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $58.50.

United Parks & Resorts Trading Up 0.1 %

Shares of PRKS traded up $0.07 during trading hours on Monday, reaching $45.98. 497,975 shares of the company's stock traded hands, compared to its average volume of 896,946. The firm's 50 day simple moving average is $45.89 and its 200-day simple moving average is $51.82. The stock has a market cap of $2.53 billion, a PE ratio of 11.52 and a beta of 1.61. United Parks & Resorts Inc. has a 12 month low of $37.68 and a 12 month high of $60.83.

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.