United Parks & Resorts Inc. (NYSE:PRKS) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE lifted its stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 40.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 915,918 shares of the company's stock after buying an additional 265,322 shares during the quarter. Bank of America Corp DE owned approximately 1.67% of United Parks & Resorts worth $51,465,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC raised its stake 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 valued at $255,575,000 after purchasing an additional 599,043 shares in the last quarter. River Road Asset Management LLC raised its stake 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 valued at $99,548,000 after purchasing an additional 450,670 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in United Parks & Resorts by 1.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company's stock valued at $81,609,000 after purchasing an additional 19,012 shares in the last quarter. Voss Capital LP raised its stake in United Parks & Resorts by 0.4% during the fourth quarter. Voss Capital LP now owns 1,447,500 shares of the company's stock valued at $81,335,000 after purchasing an additional 5,838 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of United Parks & Resorts by 62.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company's stock valued at $59,282,000 after acquiring an additional 404,120 shares during the period.

Analysts Set New Price Targets

PRKS has been the topic of several recent analyst reports. 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 target price on the stock. Guggenheim increased their target price on shares of United Parks & Resorts from $72.00 to $74.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Barclays assumed coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price target on the stock. Morgan Stanley raised their price target on shares of United Parks & Resorts from $50.00 to $52.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Finally, Macquarie cut their price target 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. One research 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 data from MarketBeat, United Parks & Resorts currently has an average rating of "Hold" and an average target price of $58.15.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock traded up $0.19 during trading on Monday, hitting $49.42. 871,528 shares of the company's stock were exchanged, compared to its average volume of 891,307. The business has a 50-day simple moving average of $45.47 and a 200-day simple moving average of $51.39. United Parks & Resorts Inc. has a 52-week low of $37.68 and a 52-week high of $60.83. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 12.39 and a beta of 1.51.

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

Insider Activity at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of the firm's stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

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.