United Parks & Resorts Inc. (NYSE:PRKS) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lifted its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 82.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,201 shares of the company’s stock after purchasing an additional 63,385 shares during the period. ExodusPoint Capital Management LP owned about 0.25% of United Parks & Resorts worth $7,878,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of United Parks & Resorts during the 3rd quarter valued at approximately $32,000. R Squared Ltd acquired a new stake in shares of United Parks & Resorts during the fourth quarter worth $72,000. KBC Group NV raised its holdings in shares of United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company’s stock worth $95,000 after purchasing an additional 638 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of United Parks & Resorts by 267.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company’s stock worth $103,000 after buying an additional 1,339 shares during the last quarter. Finally, Schechter Investment Advisors LLC acquired a new position in shares of United Parks & Resorts in the 4th quarter valued at about $209,000.

Wall Street Analysts Forecast Growth

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

United Parks & Resorts Stock Down 2.6 %

Shares of NYSE PRKS opened at $41.73 on Friday. The stock has a market cap of $2.30 billion, a P/E ratio of 10.46 and a beta of 1.96. The firm’s 50-day simple moving average is $50.19 and its 200 day simple moving average is $52.99. United Parks & Resorts Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $60.83.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 11,050 shares in the company, valued at $540,345. This trade represents a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

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.