River Road Asset Management LLC Has $99.55 Million Stake in United Parks & Resorts Inc. (NYSE:PRKS)

River Road Asset Management LLC grew its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 34.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,771,636 shares of the company’s stock after purchasing an additional 450,670 shares during the quarter. United Parks & Resorts makes up 1.3% of River Road Asset Management LLC’s holdings, making the stock its 18th biggest holding. River Road Asset Management LLC owned approximately 3.22% of United Parks & Resorts worth $99,548,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PRKS. Public Employees Retirement System of Ohio acquired a new stake in United Parks & Resorts during the 3rd quarter worth approximately $32,000. KBC Group NV acquired a new stake in United Parks & Resorts during the 3rd quarter worth approximately $54,000. Amalgamated Bank acquired a new position in shares of United Parks & Resorts during the third quarter worth $65,000. R Squared Ltd acquired a new position in shares of United Parks & Resorts during the fourth quarter worth $72,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of United Parks & Resorts by 267.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company’s stock worth $103,000 after purchasing an additional 1,339 shares during the period.

United Parks & Resorts Stock Performance

Shares of PRKS opened at $49.05 on Tuesday. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.83. The business’s 50 day moving average price is $53.15 and its two-hundred day moving average price is $53.45. The firm has a market cap of $2.70 billion, a PE ratio of 12.29 and a beta of 1.96.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 13,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Guggenheim lifted their target price on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Mizuho lifted their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research note on Thursday, February 27th. 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 note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, United Parks & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

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.