United Parks & Resorts Inc. (NYSE:PRKS) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 2,024,910.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 405,002 shares of the company's stock after buying an additional 404,982 shares during the period. National Bank of Canada FI owned 0.74% of United Parks & Resorts worth $22,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in United Parks & Resorts in the third quarter worth approximately $32,000. R Squared Ltd purchased a new position in shares of United Parks & Resorts during the 4th quarter worth $72,000. KBC Group NV grew its holdings in shares of United Parks & Resorts by 60.2% during the 4th quarter. KBC Group NV now owns 1,698 shares of the company's stock worth $95,000 after purchasing an additional 638 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of United Parks & Resorts by 267.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock worth $103,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Schechter Investment Advisors LLC purchased a new stake in United Parks & Resorts in the 4th quarter valued at about $209,000.

Insider Transactions at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction on Monday, March 10th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

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United Parks & Resorts Trading Up 15.3 %

NYSE:PRKS traded up $5.88 during midday trading on Wednesday, reaching $44.39. The company had a trading volume of 1,838,387 shares, compared to its average volume of 904,580. United Parks & Resorts Inc. has a 12-month low of $37.68 and a 12-month high of $60.83. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 11.13 and a beta of 1.61. The stock's fifty day simple moving average is $49.09 and its 200-day simple moving average is $52.62.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PRKS. UBS Group started coverage on shares of United Parks & Resorts in a research note on Wednesday. They set a "neutral" rating and a $49.00 target price for the company. Guggenheim increased their price objective on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Barclays assumed 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. Mizuho upped their price target on United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a research note on Thursday, February 27th. Finally, Macquarie dropped their price objective on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, United Parks & Resorts currently has a consensus rating of "Hold" and an average price target of $60.17.

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.