20,327 Shares in United Parks & Resorts Inc. (NYSE:PRKS) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,327 shares of the company's stock, valued at approximately $1,142,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hill Path Capital LP acquired a new stake in United Parks & Resorts during the third quarter worth about $1,376,588,000. Eagle Asset Management Inc. acquired a new stake in shares of United Parks & Resorts during the third quarter valued at about $21,959,000. Quest Partners LLC acquired a new stake in shares of United Parks & Resorts during the third quarter valued at about $448,000. Goldentree Asset Management LP acquired a new stake in shares of United Parks & Resorts during the third quarter valued at about $71,882,000. Finally, Simcoe Capital Management LLC acquired a new stake in shares of United Parks & Resorts during the third quarter valued at about $110,983,000.

Insider Activity

In related news, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the transaction, the insider now owns 132,439 shares in the company, valued at $7,366,257.18. The trade was a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of the transaction, the insider now owns 11,050 shares of the company's stock, valued at $540,345. This represents a 38.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

United Parks & Resorts Stock Performance

NYSE PRKS opened at $47.27 on Wednesday. The firm has a 50 day simple moving average of $52.97 and a 200-day simple moving average of $53.44. United Parks & Resorts Inc. has a one year low of $44.72 and a one year high of $60.83. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 11.85 and a beta of 1.96.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PRKS shares. Mizuho lifted their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research report on Thursday, February 27th. Macquarie dropped their price target on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Guggenheim lifted their price target on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, United Parks & Resorts has an average rating of "Moderate Buy" and a consensus target price of $62.50.

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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.

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