United Parks & Resorts Inc. (NYSE:PRKS) Stake Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,681 shares of the company’s stock after buying an additional 4,994 shares during the quarter. Wells Fargo & Company MN owned 0.12% of United Parks & Resorts worth $3,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI grew its position in United Parks & Resorts by 2,024,910.0% during the 4th quarter. National Bank of Canada FI now owns 405,002 shares of the company’s stock worth $22,757,000 after purchasing an additional 404,982 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in United Parks & Resorts by 0.9% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company’s stock valued at $31,203,000 after buying an additional 4,919 shares during the period. Perpetual Ltd lifted its stake in United Parks & Resorts by 37.8% in the 4th quarter. Perpetual Ltd now owns 459,150 shares of the company’s stock worth $25,800,000 after acquiring an additional 125,912 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in United Parks & Resorts during the 4th quarter worth about $30,292,000. Finally, Geode Capital Management LLC acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $37,472,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PRKS shares. Guggenheim increased their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Mizuho boosted their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research note on Thursday, February 27th. Macquarie cut their price target on 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. Truist Financial reduced their price target on United Parks & Resorts from $62.00 to $52.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, UBS Group assumed coverage on United Parks & Resorts in a report on Wednesday, April 9th. They issued a “neutral” rating and a $49.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, United Parks & Resorts has a consensus rating of “Hold” and an average target price of $58.50.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the sale, the insider now directly owns 11,050 shares in the company, valued at approximately $540,345. This represents a 38.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

United Parks & Resorts Trading Down 3.1 %

Shares of United Parks & Resorts stock opened at $43.00 on Tuesday. United Parks & Resorts Inc. has a 1 year low of $37.68 and a 1 year high of $60.83. The company’s fifty day simple moving average is $47.56 and its 200-day simple moving average is $52.21. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 10.78 and a beta of 1.61.

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.