Raymond James Financial Inc. Acquires Shares of 539,094 United Parks & Resorts Inc. (NYSE:PRKS)

Raymond James Financial Inc. purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 539,094 shares of the company's stock, valued at approximately $30,292,000. Raymond James Financial Inc. owned approximately 0.98% of United Parks & Resorts at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new stake in United Parks & Resorts during the third quarter valued at $32,000. KBC Group NV bought a new stake in United Parks & Resorts during the third quarter valued at $54,000. Amalgamated Bank bought a new stake in United Parks & Resorts during the third quarter valued at $65,000. R Squared Ltd bought a new position in shares of United Parks & Resorts during the fourth quarter worth about $72,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of United Parks & Resorts by 267.8% during 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 last quarter.

United Parks & Resorts Stock Performance

NYSE PRKS traded down $1.71 on Tuesday, reaching $47.21. The company's stock had a trading volume of 730,613 shares, compared to its average volume of 890,483. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83. The stock has a market cap of $2.60 billion, a PE ratio of 11.83 and a beta of 1.96. The firm's 50 day moving average is $52.16 and its two-hundred day moving average is $53.39.

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Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $48.90, for a total value 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. This represents a 38.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on PRKS. Guggenheim upped their price target 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. Mizuho upped their price target 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. Macquarie lowered their price target on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Barclays assumed coverage on shares of United Parks & Resorts in a report on Friday. They issued an "equal weight" rating and a $50.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $61.36.

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.