C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys Shares of 5,715 United Parks & Resorts Inc. (NYSE:PRKS)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,715 shares of the company's stock, valued at approximately $321,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. IMC Chicago LLC purchased a new stake in shares of United Parks & Resorts during the fourth quarter worth about $673,000. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in United Parks & Resorts by 0.9% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company's stock valued at $31,203,000 after purchasing an additional 4,919 shares during the period. Hunter Associates Investment Management LLC grew its holdings in United Parks & Resorts by 12.2% in the fourth quarter. Hunter Associates Investment Management LLC now owns 30,074 shares of the company's stock valued at $1,690,000 after purchasing an additional 3,262 shares during the period. R Squared Ltd purchased a new stake in United Parks & Resorts in the fourth quarter valued at approximately $72,000. Finally, KBC Group NV grew its holdings in United Parks & Resorts by 60.2% in the fourth quarter. KBC Group NV now owns 1,698 shares of the company's stock valued at $95,000 after purchasing an additional 638 shares during the period.

United Parks & Resorts Price Performance

PRKS stock traded down $0.07 during midday trading on Monday, reaching $52.56. 476,944 shares of the company's stock traded hands, compared to its average volume of 844,994. The business has a 50-day moving average price of $54.32 and a two-hundred day moving average price of $53.03. 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 market capitalization of $2.89 billion, a P/E ratio of 13.17 and a beta of 1.99.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PRKS shares. Truist Financial boosted their target price on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 8th. Guggenheim lowered their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Finally, Mizuho restated an "underperform" rating and issued a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $62.60.

Insider Transactions at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 13,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now directly owns 132,439 shares of the company's stock, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

United Parks & Resorts Company 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.