Rhumbline Advisers Boosts Holdings in United Parks & Resorts Inc. $PRKS

Rhumbline Advisers increased its position in United Parks & Resorts Inc. (NYSE:PRKS) by 86.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,199 shares of the company’s stock after purchasing an additional 38,169 shares during the period. Rhumbline Advisers owned approximately 0.15% of United Parks & Resorts worth $4,250,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PRKS. CWM LLC raised its holdings in United Parks & Resorts by 74.3% in the third quarter. CWM LLC now owns 495 shares of the company’s stock worth $26,000 after buying an additional 211 shares during the last quarter. Federated Hermes Inc. increased its position in shares of United Parks & Resorts by 114.0% during the third quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock valued at $28,000 after acquiring an additional 293 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of United Parks & Resorts during the second quarter valued at approximately $123,000. Pacer Advisors Inc. purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $154,000. Finally, Tower Research Capital LLC TRC lifted its position in United Parks & Resorts by 238.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,023 shares of the company’s stock valued at $190,000 after acquiring an additional 2,835 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have commented on PRKS. Truist Financial reduced their target price on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, December 4th. Citigroup reduced their price objective on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. Finally, Mizuho decreased their price objective on shares of United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating for the company in a report on Wednesday, November 12th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.36.

Insider Activity

In related news, insider Christopher L. Finazzo sold 7,200 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $35.12, for a total transaction of $252,864.00. Following the completion of the sale, the insider directly owned 138,285 shares in the company, valued at approximately $4,856,569.20. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $34.57 on Wednesday. The stock’s 50-day simple moving average is $36.33 and its two-hundred day simple moving average is $42.75. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 2.33 and a beta of 1.27. United Parks & Resorts Inc. has a 52-week low of $29.62 and a 52-week high of $58.51.

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.