Norges Bank Takes $11.36 Million Position in United Parks & Resorts Inc. (NYSE:PRKS)

Norges Bank acquired a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 202,102 shares of the company's stock, valued at approximately $11,356,000. Norges Bank owned approximately 0.37% of United Parks & Resorts as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Cannon Global Investment Management LLC boosted its holdings in shares of United Parks & Resorts by 5.9% during the 4th quarter. Cannon Global Investment Management LLC now owns 13,235 shares of the company's stock valued at $744,000 after acquiring an additional 735 shares during the last quarter. LPL Financial LLC boosted its holdings in United Parks & Resorts by 7.0% in the fourth quarter. LPL Financial LLC now owns 5,316 shares of the company's stock worth $299,000 after purchasing an additional 350 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in United Parks & Resorts in the 4th quarter worth approximately $235,000. KLP Kapitalforvaltning AS bought a new stake in United Parks & Resorts in the 4th quarter worth approximately $753,000. Finally, Blueshift Asset Management LLC purchased a new stake in United Parks & Resorts during the 4th quarter valued at $1,375,000.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the stock in a transaction that occurred 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 $540,345. This trade represents a 38.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.

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United Parks & Resorts Trading Up 0.6 %

Shares of PRKS traded up $0.25 during trading hours on Friday, reaching $41.77. 704,761 shares of the stock traded hands, compared to its average volume of 903,955. The company has a market cap of $2.30 billion, a P/E ratio of 10.47 and a beta of 1.61. The company's 50-day moving average price is $48.63 and its two-hundred day moving average price is $52.49. United Parks & Resorts Inc. has a 52-week low of $37.68 and a 52-week high of $60.83.

Wall Street Analysts Forecast Growth

PRKS has been the topic of a number of research reports. Guggenheim raised their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Truist Financial dropped their target price on United Parks & Resorts from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Stifel Nicolaus reduced their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research report on Friday. UBS Group assumed coverage on shares of United Parks & Resorts in a report on Wednesday. They issued a "neutral" rating and a $49.00 price objective on the stock. Finally, Macquarie reduced their target price on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $59.33.

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.