13,400 Shares in United Parks & Resorts Inc. (NYSE:PRKS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,400 shares of the company's stock, valued at approximately $753,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hill Path Capital LP purchased a new stake in shares of United Parks & Resorts during the third quarter worth approximately $1,376,588,000. Captrust Financial Advisors purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $478,000. The Manufacturers Life Insurance Company purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at approximately $997,000. BNP Paribas Financial Markets acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $2,849,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of United Parks & Resorts during the 3rd quarter worth $20,898,000.

Insider Buying and Selling

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

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United Parks & Resorts Stock Performance

United Parks & Resorts stock traded down $1.13 during midday trading on Friday, hitting $41.73. 1,150,433 shares of the company's stock were exchanged, compared to its average volume of 897,142. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 10.46 and a beta of 1.96. United Parks & Resorts Inc. has a 12-month low of $40.78 and a 12-month high of $60.83. The firm's 50 day simple moving average is $50.19 and its 200 day simple moving average is $53.01.

Wall Street Analyst Weigh In

Several research firms recently commented on PRKS. Guggenheim increased their target price on United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Macquarie cut their target price 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. Barclays began coverage on United Parks & Resorts in a research note on Friday, March 14th. They set an "equal weight" rating and a $50.00 target price for the company. Truist Financial dropped their price target on shares of United Parks & Resorts from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, Mizuho boosted their price objective on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $61.18.

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.