Sei Investments Co. Has $1.46 Million Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Sei Investments Co. lessened its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 15.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,917 shares of the company’s stock after selling 4,606 shares during the period. Sei Investments Co.’s holdings in United Parks & Resorts were worth $1,456,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Blueshift Asset Management LLC acquired a new position in United Parks & Resorts during the fourth quarter worth $1,375,000. Cibc World Markets Corp increased its position in shares of United Parks & Resorts by 0.6% during the 4th quarter. Cibc World Markets Corp now owns 503,057 shares of the company’s stock worth $28,267,000 after purchasing an additional 3,057 shares in the last quarter. River Road Asset Management LLC lifted its holdings 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 valued at $99,548,000 after purchasing an additional 450,670 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in United Parks & Resorts by 31.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,418 shares of the company’s stock valued at $361,000 after buying an additional 1,554 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in United Parks & Resorts during the fourth quarter worth about $1,142,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PRKS. Truist Financial reduced their target price on United Parks & Resorts from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Macquarie reduced their price objective on 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. Barclays initiated coverage on United Parks & Resorts in a research note on Friday, March 14th. They issued an “equal weight” rating and a $50.00 target price for the company. Guggenheim upped their price target on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Mizuho raised their price objective 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 analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.18.

United Parks & Resorts Stock Down 2.6 %

Shares of PRKS stock opened at $41.73 on Monday. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 10.46 and a beta of 1.61. United Parks & Resorts Inc. has a 12 month low of $40.78 and a 12 month high of $60.83. The stock has a 50-day moving average price of $50.19 and a 200 day moving average price of $53.01.

Insider Activity

In other news, insider Byron Surrett sold 7,008 shares of the stock in a transaction on Monday, March 10th. The stock was 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 of the company’s stock, valued at $540,345. This represents a 38.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

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.