Great Lakes Advisors LLC Sells 6,617 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Great Lakes Advisors LLC decreased its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,069 shares of the company’s stock after selling 6,617 shares during the period. Great Lakes Advisors LLC owned about 0.10% of United Parks & Resorts worth $3,094,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts during the third quarter valued at approximately $32,000. KBC Group NV boosted its position in shares of United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company’s stock valued at $95,000 after buying an additional 638 shares during the last quarter. Victory Capital Management Inc. boosted its position in United Parks & Resorts by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 16,283 shares of the company’s stock worth $915,000 after purchasing an additional 1,021 shares during the last quarter. Amalgamated Bank purchased a new position in United Parks & Resorts in the third quarter worth $65,000. Finally, R Squared Ltd purchased a new position in United Parks & Resorts in the fourth quarter worth $72,000.

United Parks & Resorts Price Performance

Shares of NYSE PRKS opened at $47.71 on Friday. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.83. The business’s fifty day moving average price is $52.35 and its 200-day moving average price is $53.33. The stock has a market capitalization of $2.63 billion, a PE ratio of 11.96 and a beta of 1.96.

Insider Activity at United Parks & Resorts

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

Wall Street Analyst Weigh In

Several research firms have weighed in on PRKS. Mizuho boosted their price objective 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. Guggenheim boosted their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Barclays began coverage on United Parks & Resorts in a research report on Friday. They issued an “equal weight” rating and a $50.00 price objective on the stock. Finally, Macquarie cut their price objective on 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. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.36.

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.