Wells Fargo & Company MN Has $3.80 Million Stock Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Wells Fargo & Company MN increased its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 8.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 67,681 shares of the company’s stock after buying an additional 4,994 shares during the period. Wells Fargo & Company MN’s holdings in United Parks & Resorts were worth $3,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in United Parks & Resorts during the 3rd quarter worth $32,000. R Squared Ltd acquired a new position in United Parks & Resorts during the 4th quarter valued at about $72,000. KBC Group NV boosted its stake in shares of United Parks & Resorts by 60.2% in 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 during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of 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 worth $103,000 after buying an additional 1,339 shares during the period. Finally, Schechter Investment Advisors LLC acquired a new position in United Parks & Resorts in the fourth quarter valued at approximately $209,000.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company’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 directly owns 11,050 shares of the company’s stock, valued at approximately $540,345. This represents a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PRKS shares. Mizuho raised their price target on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research report on Thursday, February 27th. Barclays initiated coverage on United Parks & Resorts in a report on Friday, March 14th. They set an “equal weight” rating and a $50.00 target price on the stock. Stifel Nicolaus cut their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. UBS Group initiated coverage on shares of United Parks & Resorts in a research note on Wednesday, April 9th. They set a “neutral” rating and a $49.00 price objective on the stock. Finally, Guggenheim upped their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $58.50.

United Parks & Resorts Trading Down 3.1 %

United Parks & Resorts stock opened at $43.00 on Tuesday. The company has a fifty day simple moving average of $47.56 and a 200 day simple moving average of $52.21. United Parks & Resorts Inc. has a 1-year low of $37.68 and a 1-year high of $60.83. The company has a market cap of $2.37 billion, a P/E ratio of 10.78 and a beta of 1.61.

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.