United Parks & Resorts Inc. (NYSE:PRKS) is Breach Inlet Capital Management LLC’s 5th Largest Position

Breach Inlet Capital Management LLC lifted its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 100.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 227,419 shares of the company’s stock after buying an additional 114,119 shares during the quarter. United Parks & Resorts comprises 9.0% of Breach Inlet Capital Management LLC’s holdings, making the stock its 5th biggest position. Breach Inlet Capital Management LLC’s holdings in United Parks & Resorts were worth $12,779,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PRKS. State Street Corp purchased a new stake in United Parks & Resorts in the third quarter valued at approximately $42,787,000. Geode Capital Management LLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth $37,472,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of United Parks & Resorts by 15.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company’s stock worth $255,575,000 after buying an additional 599,043 shares during the period. Raymond James Financial Inc. acquired a new position in United Parks & Resorts in the fourth quarter valued at $30,292,000. Finally, River Road Asset Management LLC boosted its holdings in 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 valued at $99,548,000 after acquiring an additional 450,670 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays initiated coverage on United Parks & Resorts in a report on Friday, March 14th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Mizuho lifted their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Thursday, February 27th. Macquarie decreased their price objective on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Guggenheim raised their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Truist Financial reduced their target price on shares of United Parks & Resorts from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, United Parks & Resorts presently has a consensus rating of “Hold” and an average target price of $61.18.

Insider Transactions at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction on Monday, March 10th. The shares were sold at an average price of $48.90, for a total value of $342,691.20. Following the completion of the sale, the insider now owns 11,050 shares in the company, valued at approximately $540,345. The trade was a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

United Parks & Resorts Price Performance

United Parks & Resorts stock opened at $41.73 on Friday. The firm’s fifty day moving average price is $50.19 and its 200 day moving average price is $52.99. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.46 and a beta of 1.96. United Parks & Resorts Inc. has a 12-month low of $40.78 and a 12-month high of $60.83.

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.