Dark Forest Capital Management LP Acquires New Shares in United Parks & Resorts Inc. (NYSE:PRKS)

Dark Forest Capital Management LP acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,405 shares of the company's stock, valued at approximately $1,147,000.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of United Parks & Resorts in the fourth quarter worth about $72,000. KBC Group NV increased its stake in shares of United Parks & Resorts by 60.2% in the fourth quarter. KBC Group NV now owns 1,698 shares of the company's stock worth $95,000 after acquiring an additional 638 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of United Parks & Resorts by 267.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock worth $103,000 after acquiring an additional 1,339 shares during the period. Schechter Investment Advisors LLC acquired a new stake in shares of United Parks & Resorts in the fourth quarter worth $209,000. Finally, Mariner LLC acquired a new position in United Parks & Resorts during the fourth quarter valued at $214,000.

United Parks & Resorts Trading Down 0.7 %

NYSE:PRKS traded down $0.33 during trading hours on Monday, hitting $43.69. 515,967 shares of the stock were exchanged, compared to its average volume of 897,325. The firm's fifty day moving average price is $46.87 and its 200 day moving average price is $52.07. United Parks & Resorts Inc. has a 52-week low of $37.68 and a 52-week high of $60.83. The company has a market cap of $2.40 billion, a P/E ratio of 10.95 and a beta of 1.61.

Insider Transactions at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the transaction, the insider now directly owns 11,050 shares in the company, valued at approximately $540,345. The trade was a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

PRKS has been the subject of several analyst reports. Truist Financial decreased their price objective on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus lowered their price objective on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. UBS Group started coverage on shares of United Parks & Resorts in a research note on Wednesday, April 9th. They set a "neutral" rating and a $49.00 price objective on the stock. 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. Finally, Guggenheim lifted their price objective 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $58.50.

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.