United Parks & Resorts Inc. (NYSE:PRKS) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,536 shares of the company’s stock after acquiring an additional 4,945 shares during the period. Bank of New York Mellon Corp owned approximately 0.25% of United Parks & Resorts worth $7,841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hill Path Capital LP acquired a new stake in United Parks & Resorts in the third quarter valued at $1,376,588,000. Simcoe Capital Management LLC acquired a new stake in United Parks & Resorts in the third quarter valued at $110,983,000. Goldentree Asset Management LP acquired a new stake in United Parks & Resorts in the third quarter valued at $71,882,000. HG Vora Capital Management LLC acquired a new stake in United Parks & Resorts in the third quarter valued at $65,780,000. Finally, State Street Corp acquired a new stake in United Parks & Resorts in the third quarter valued at $42,787,000.

Wall Street Analyst Weigh In

Several analysts have weighed in on PRKS shares. Macquarie lowered their target price on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Barclays began coverage on United Parks & Resorts in a report on Friday. They issued an “equal weight” rating and a $50.00 target price on the stock. Guggenheim upped their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, 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 report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, United Parks & Resorts has a consensus rating of “Hold” and an average target price of $61.36.

United Parks & Resorts Trading Up 4.5 %

NYSE PRKS opened at $47.71 on Friday. The business’s 50-day moving average price is $52.35 and its 200 day moving average price is $53.36. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83. The company has a market capitalization of $2.63 billion, a PE ratio of 11.96 and a beta of 1.96.

Insider Buying and Selling

In related news, insider Byron Surrett sold 7,008 shares of the 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 transaction, the insider now directly owns 11,050 shares in the company, valued at approximately $540,345. This represents a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

United Parks & Resorts 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.