Barrow Hanley Mewhinney & Strauss LLC Increases Holdings in United Parks & Resorts Inc. (NYSE:PRKS)

Barrow Hanley Mewhinney & Strauss LLC boosted its position in United Parks & Resorts Inc. (NYSE:PRKS) by 15.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,548,403 shares of the company’s stock after purchasing an additional 599,043 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.08% of United Parks & Resorts worth $255,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in 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 in 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 last quarter. Steward Partners Investment Advisory LLC lifted its position in 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 valued at $103,000 after purchasing an additional 1,339 shares during the period. Finally, Schechter Investment Advisors LLC purchased a new stake in United Parks & Resorts in the fourth quarter valued at $209,000.

Analyst Upgrades and Downgrades

PRKS has been the subject of a number of recent research reports. Mizuho lifted 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. Barclays started coverage on United Parks & Resorts in a research report on Friday, March 14th. They set an “equal weight” rating and a $50.00 price target for the company. Macquarie lowered their price objective 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. Guggenheim lifted their target price 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. Finally, 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 research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, United Parks & Resorts presently has an average rating of “Hold” and a consensus price target of $61.18.

United Parks & Resorts Stock Performance

NYSE:PRKS opened at $46.39 on Friday. The stock has a market capitalization of $2.55 billion, a PE ratio of 11.63 and a beta of 1.96. United Parks & Resorts Inc. has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The company has a fifty day moving average of $50.97 and a two-hundred day moving average of $53.21.

Insider Buying and Selling

In related news, insider Byron Surrett sold 7,008 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 11,050 shares of the company’s stock, valued at approximately $540,345. This 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 the SEC website. Insiders own 1.10% of the company’s stock.

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.