United Parks & Resorts Inc. (NYSE:PRKS) Position Reduced by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,215 shares of the company's stock after selling 9,236 shares during the period. Price T Rowe Associates Inc. MD owned 0.44% of United Parks & Resorts worth $13,555,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted 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 valued at $255,575,000 after purchasing an additional 599,043 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of United Parks & Resorts in the 4th quarter valued at $30,292,000. River Road Asset Management LLC increased its stake in 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 worth $99,548,000 after buying an additional 450,670 shares during the period. National Bank of Canada FI grew its stake 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 worth $22,757,000 after acquiring an additional 404,982 shares in the last quarter. Finally, Barclays PLC purchased a new stake in United Parks & Resorts during the 3rd quarter worth about $18,222,000.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Mizuho lifted their price target on United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a report on Thursday, February 27th. UBS Group initiated coverage on shares of United Parks & Resorts in a research report on Wednesday, April 9th. They set a "neutral" rating and a $49.00 price objective on the stock. Morgan Stanley decreased their price objective on United Parks & Resorts from $56.00 to $50.00 and set an "equal weight" rating for the company in a research report on Tuesday. Stifel Nicolaus dropped 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. Finally, Truist Financial dropped their price target 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $57.85.

United Parks & Resorts Stock Down 0.7 %

NYSE PRKS traded down $0.34 on Thursday, hitting $45.22. The stock had a trading volume of 111,233 shares, compared to its average volume of 888,349. United Parks & Resorts Inc. has a one year low of $37.68 and a one year high of $60.83. The company's 50-day moving average is $45.55 and its two-hundred day moving average is $51.68. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 11.33 and a beta of 1.51.

Insider Activity

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $48.90, for a total value of $342,691.20. Following the transaction, the insider now owns 11,050 shares in the company, valued at approximately $540,345. The trade was a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

United Parks & Resorts 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.