Vanguard Group Inc. Sells 138,638 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Vanguard Group Inc. lessened its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,801,150 shares of the company’s stock after selling 138,638 shares during the period. Vanguard Group Inc. owned approximately 0.05% of United Parks & Resorts worth $157,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of United Parks & Resorts during the third quarter worth $32,000. R Squared Ltd acquired a new position in United Parks & Resorts during the 4th quarter worth approximately $72,000. KBC Group NV increased its stake in United Parks & Resorts by 60.2% during 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 in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in United Parks & Resorts by 267.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company’s stock valued at $103,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Schechter Investment Advisors LLC purchased a new stake in United Parks & Resorts in the 4th quarter valued at $209,000.

United Parks & Resorts Stock Performance

Shares of PRKS opened at $40.14 on Tuesday. The firm’s 50-day simple moving average is $49.95 and its two-hundred day simple moving average is $52.92. United Parks & Resorts Inc. has a fifty-two week low of $38.64 and a fifty-two week high of $60.83. The stock has a market cap of $2.21 billion, a PE ratio of 10.06 and a beta of 1.61.

Insider Buying and Selling

In related news, insider Byron Surrett sold 7,008 shares of the company’s stock in a transaction that occurred 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 directly owns 11,050 shares of the company’s stock, valued at approximately $540,345. This represents a 38.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays assumed coverage on United Parks & Resorts in a research note on Friday, March 14th. They issued an “equal weight” rating and a $50.00 price objective for the company. Truist Financial reduced their price target on shares of United Parks & Resorts from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Macquarie lowered their price objective on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Guggenheim increased their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Mizuho upped their price target 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.18.

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.