Blueshift Asset Management LLC Buys New Stake in United Parks & Resorts Inc. (NYSE:PRKS)

Blueshift Asset Management LLC acquired a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 24,475 shares of the company's stock, valued at approximately $1,375,000.

Other hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in United Parks & Resorts during the 3rd quarter valued at about $32,000. KBC Group NV bought a new position in United Parks & Resorts during the 3rd quarter valued at approximately $54,000. R Squared Ltd bought a new position in United Parks & Resorts during the 4th quarter valued at approximately $72,000. Steward Partners Investment Advisory LLC raised its stake 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 buying an additional 1,339 shares during the last quarter. Finally, Schechter Investment Advisors LLC bought a new stake in United Parks & Resorts in the fourth quarter worth $209,000.

United Parks & Resorts Price Performance

PRKS traded up $1.69 on Monday, reaching $50.98. 750,297 shares of the stock were exchanged, compared to its average volume of 887,198. United Parks & Resorts Inc. has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The firm has a market capitalization of $2.81 billion, a PE ratio of 12.78 and a beta of 1.96. The company's 50-day moving average price is $51.48 and its 200 day moving average price is $53.34.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PRKS shares. Mizuho increased their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research report on Thursday, February 27th. Guggenheim boosted their target price 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. Barclays started coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 target price for the company. Finally, Macquarie lowered their price target on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, United Parks & Resorts has an average rating of "Hold" and a consensus target price of $61.36.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the firm's stock in a transaction 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 sale, the insider now owns 11,050 shares of the company's stock, valued at $540,345. This trade represents a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.