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

ExodusPoint Capital Management LP raised its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 82.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 140,201 shares of the company’s stock after acquiring an additional 63,385 shares during the period. ExodusPoint Capital Management LP’s holdings in United Parks & Resorts were worth $7,878,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Captrust Financial Advisors bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth approximately $478,000. The Manufacturers Life Insurance Company bought a new position in shares of United Parks & Resorts in the third quarter valued at $997,000. BNP Paribas Financial Markets acquired a new stake in shares of United Parks & Resorts during the 3rd quarter valued at $2,849,000. Charles Schwab Investment Management Inc. bought a new stake in shares of United Parks & Resorts during the 3rd quarter worth $20,898,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of United Parks & Resorts by 0.9% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company’s stock worth $31,203,000 after acquiring an additional 4,919 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, insider Byron Surrett sold 7,008 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the transaction, the insider now owns 11,050 shares in the company, valued at approximately $540,345. This trade represents a 38.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

United Parks & Resorts Trading Down 2.6 %

PRKS opened at $41.73 on Friday. The stock has a fifty day moving average price of $50.19 and a 200 day moving average price of $52.99. United Parks & Resorts Inc. has a 1 year low of $40.78 and a 1 year high of $60.83. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 10.46 and a beta of 1.96.

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.