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

Bank of New York Mellon Corp increased its stake in United Parks & Resorts Inc. (NYSE:PRKS) by 3.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 139,536 shares of the company’s stock after purchasing an additional 4,945 shares during the quarter. Bank of New York Mellon Corp’s holdings in United Parks & Resorts were worth $7,841,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of United Parks & Resorts in the third quarter valued at about $32,000. KBC Group NV grew its stake in shares of United Parks & Resorts by 60.2% in the fourth quarter. KBC Group NV now owns 1,698 shares of the company’s stock valued at $95,000 after buying an additional 638 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of United Parks & Resorts in the third quarter valued at about $65,000. R Squared Ltd acquired a new stake in shares of United Parks & Resorts in the fourth quarter valued at about $72,000. Finally, Hunter Associates Investment Management LLC grew its stake in shares of United Parks & Resorts by 12.2% in the fourth quarter. Hunter Associates Investment Management LLC now owns 30,074 shares of the company’s stock valued at $1,690,000 after buying an additional 3,262 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PRKS. Guggenheim increased their target price on United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Barclays initiated coverage on United Parks & Resorts in a research note on Friday. They set an “equal weight” rating and a $50.00 price objective for the company. Mizuho raised their price objective 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. Finally, Macquarie lowered their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, United Parks & Resorts presently has an average rating of “Hold” and an average target price of $61.36.

Insiders Place Their Bets

In related news, insider Byron Surrett sold 7,008 shares of the firm’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 owns 11,050 shares of the company’s stock, valued at approximately $540,345. This trade represents a 38.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

United Parks & Resorts Stock Up 4.5 %

NYSE:PRKS opened at $47.71 on Friday. The business’s 50 day moving average is $52.35 and its two-hundred day moving average is $53.36. United Parks & Resorts Inc. has a 52 week low of $44.72 and a 52 week high of $60.83. The company has a market cap of $2.63 billion, a PE ratio of 11.96 and a beta of 1.96.

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.