Arrowstreet Capital Limited Partnership Purchases 19,012 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Arrowstreet Capital Limited Partnership lifted its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,452,380 shares of the company’s stock after buying an additional 19,012 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in United Parks & Resorts were worth $81,609,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PRKS. Hill Path Capital LP bought a new position in United Parks & Resorts during the 3rd quarter worth about $1,376,588,000. Simcoe Capital Management LLC purchased a new stake in shares of United Parks & Resorts in the 3rd quarter worth approximately $110,983,000. Captrust Financial Advisors bought a new position in shares of United Parks & Resorts during the third quarter valued at approximately $478,000. The Manufacturers Life Insurance Company purchased a new position in United Parks & Resorts during the third quarter valued at approximately $997,000. Finally, BNP Paribas Financial Markets bought a new position in United Parks & Resorts in the third quarter worth approximately $2,849,000.

Insider Activity

In related news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

United Parks & Resorts Trading Down 2.0 %

Shares of United Parks & Resorts stock opened at $45.39 on Tuesday. The firm’s 50 day simple moving average is $50.83 and its two-hundred day simple moving average is $53.20. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 11.38 and a beta of 1.96. United Parks & Resorts Inc. has a 12-month low of $44.10 and a 12-month high of $60.83.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho increased their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Thursday, February 27th. Truist Financial dropped their price objective on United Parks & Resorts from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Macquarie reduced 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 report on Thursday, March 6th. Barclays started coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They issued an “equal weight” rating and a $50.00 price target on the stock. Finally, Guggenheim boosted their price objective on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research note 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. According to MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Hold” and an average price target of $61.18.

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.