Summit Investment Advisors Inc. Sells 230 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Summit Investment Advisors Inc. reduced its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,418 shares of the company’s stock after selling 230 shares during the period. Summit Investment Advisors Inc.’s holdings in United Parks & Resorts were worth $192,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of United Parks & Resorts by 15.2% during 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. River Road Asset Management LLC boosted 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 acquiring an additional 450,670 shares during the period. Arrowstreet Capital Limited Partnership grew its position in United Parks & Resorts by 1.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company’s stock worth $81,609,000 after acquiring an additional 19,012 shares during the last quarter. Geode Capital Management LLC purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $37,472,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its position in United Parks & Resorts by 0.9% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company’s stock valued at $31,203,000 after purchasing an additional 4,919 shares during the last quarter.

United Parks & Resorts Price Performance

Shares of NYSE PRKS opened at $45.15 on Wednesday. United Parks & Resorts Inc. has a 1 year low of $37.68 and a 1 year high of $60.83. The firm has a 50-day moving average of $47.41 and a 200 day moving average of $52.16. The stock has a market cap of $2.48 billion, a P/E ratio of 11.32 and a beta of 1.61.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PRKS. Barclays assumed coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They issued an “equal weight” rating and a $50.00 target price on the stock. Guggenheim raised their target price on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Macquarie dropped their price objective on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Mizuho boosted their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research note on Thursday, February 27th. Finally, Stifel Nicolaus decreased their target price on United Parks & Resorts from $74.00 to $60.00 and set a “buy” rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $58.50.

Insider Activity

In related news, insider Byron Surrett sold 7,008 shares of the firm’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 transaction of $342,691.20. Following the completion of the transaction, the insider now owns 11,050 shares of the company’s stock, valued at $540,345. This trade represents a 38.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.