Voya Investment Management LLC Reduces Stock Position in United Parks & Resorts Inc. (NYSE:PRKS)

Voya Investment Management LLC trimmed its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 15.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,661 shares of the company’s stock after selling 1,754 shares during the period. Voya Investment Management LLC’s holdings in United Parks & Resorts were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in United Parks & Resorts by 15.2% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company’s stock worth $255,575,000 after purchasing an additional 599,043 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of United Parks & Resorts in the 4th quarter valued at about $30,292,000. River Road Asset Management LLC grew its position in shares of United Parks & Resorts by 34.1% during the fourth quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company’s stock worth $99,548,000 after acquiring an additional 450,670 shares during the last quarter. National Bank of Canada FI boosted its stake 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 during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in United Parks & Resorts by 62.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company’s stock worth $59,282,000 after purchasing an additional 404,120 shares during the last quarter.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were 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 $540,345. This represents a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

United Parks & Resorts Price Performance

PRKS opened at $47.36 on Friday. United Parks & Resorts Inc. has a 1-year low of $37.68 and a 1-year high of $60.83. The stock has a market cap of $2.60 billion, a P/E ratio of 11.87 and a beta of 1.51. The stock’s 50 day simple moving average is $45.42 and its 200 day simple moving average is $51.59.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PRKS. Morgan Stanley decreased their target price on shares of United Parks & Resorts from $56.00 to $50.00 and set an “equal weight” rating for the company in a research note on Tuesday. Macquarie lowered their target price 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. Guggenheim upped their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Truist Financial lowered their price objective on shares of United Parks & Resorts from $62.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, UBS Group initiated coverage on shares of United Parks & Resorts in a research report on Wednesday, April 9th. They set a “neutral” rating and a $49.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, United Parks & Resorts currently has an average rating of “Hold” and a consensus price target of $57.85.

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.