Raymond James Financial Inc. Invests $30.29 Million in United Parks & Resorts Inc. (NYSE:PRKS)

Raymond James Financial Inc. bought a new stake 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 bought 539,094 shares of the company's stock, valued at approximately $30,292,000. Raymond James Financial Inc. owned about 0.98% of United Parks & Resorts at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PRKS. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts during the third quarter worth approximately $32,000. R Squared Ltd bought a new stake in shares of United Parks & Resorts in the fourth quarter worth about $72,000. KBC Group NV increased its holdings in United Parks & Resorts by 60.2% during the 4th 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. Steward Partners Investment Advisory LLC raised its position in 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 valued at $103,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Schechter Investment Advisors LLC bought a new position in shares of United Parks & Resorts during the fourth quarter valued at approximately $209,000.

United Parks & Resorts Trading Up 0.2 %

NYSE PRKS traded up $0.10 on Wednesday, hitting $45.11. 133,455 shares of the company traded hands, compared to its average volume of 892,468. The business's 50 day moving average price is $47.41 and its 200-day moving average price is $52.16. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.31 and a beta of 1.61. United Parks & Resorts Inc. has a 52-week low of $37.68 and a 52-week high of $60.83.

Insiders Place Their Bets

In related 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 transaction, the insider now owns 11,050 shares in the company, valued at approximately $540,345. The trade was a 38.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays initiated coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price objective for the company. UBS Group initiated coverage on United Parks & Resorts in a research note on Wednesday, April 9th. They set a "neutral" rating and a $49.00 price objective for the company. Macquarie reduced their price target on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Mizuho upped their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research report on Thursday, February 27th. Finally, Guggenheim upped their price target on United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $58.50.

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.