United Parks & Resorts Inc. (NYSE:PRKS) is Bwcp LP’s 8th Largest Position

Bwcp LP raised its position in United Parks & Resorts Inc. (NYSE:PRKS) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,064 shares of the company’s stock after acquiring an additional 42,624 shares during the quarter. United Parks & Resorts accounts for about 5.0% of Bwcp LP’s investment portfolio, making the stock its 8th largest holding. Bwcp LP owned approximately 0.75% of United Parks & Resorts worth $23,154,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in 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 worth $255,575,000 after purchasing an additional 599,043 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of United Parks & Resorts during the fourth quarter worth approximately $30,292,000. River Road Asset Management LLC increased its stake in shares of United Parks & Resorts by 34.1% in the fourth 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 last quarter. National Bank of Canada FI raised its holdings in 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 valued at $22,757,000 after acquiring an additional 404,982 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in United Parks & Resorts by 62.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company’s stock valued at $59,282,000 after acquiring an additional 404,120 shares in the last quarter.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction 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 sale, the insider now owns 11,050 shares of the company’s stock, valued at $540,345. The trade was a 38.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $44.91 on Friday. United Parks & Resorts Inc. has a one year low of $37.68 and a one year high of $60.83. The company has a 50-day simple moving average of $46.05 and a 200-day simple moving average of $51.87. The firm has a market capitalization of $2.47 billion, a P/E ratio of 11.26 and a beta of 1.61.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PRKS shares. Macquarie dropped their target price on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Stifel Nicolaus lowered their price objective 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. Mizuho upped their price objective 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. Barclays initiated coverage on United Parks & Resorts in a research report on Friday, March 14th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, Truist Financial dropped their price target on United Parks & Resorts from $62.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, United Parks & Resorts has a consensus rating of “Hold” and an average price target of $58.50.

United Parks & Resorts Company 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.