Renaissance Technologies LLC boosted its position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) by 460.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,400 shares of the company's stock after acquiring an additional 41,400 shares during the period. Renaissance Technologies LLC owned 0.09% of United Parks & Resorts worth $2,832,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of PRKS. R Squared Ltd purchased a new stake in United Parks & Resorts in the 4th quarter valued at $72,000. KBC Group NV raised its holdings in shares of United Parks & Resorts by 60.2% in the fourth 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 last quarter. Steward Partners Investment Advisory LLC lifted 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 valued at $103,000 after purchasing an additional 1,339 shares in the last quarter. Schechter Investment Advisors LLC bought a new position in shares of United Parks & Resorts during the fourth quarter valued at about $209,000. Finally, Fox Run Management L.L.C. purchased a new position in United Parks & Resorts during the fourth quarter worth about $235,000.
Insider Activity at United Parks & Resorts
In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of the transaction, the insider now owns 11,050 shares of the company's stock, valued at $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 is available through this link. 1.10% of the stock is owned by company insiders.
United Parks & Resorts Price Performance
Shares of PRKS traded down $0.33 during trading hours on Monday, hitting $43.69. The company's stock had a trading volume of 516,033 shares, compared to its average volume of 897,325. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 10.95 and a beta of 1.61. The business has a 50 day simple moving average of $46.87 and a two-hundred day simple moving average of $52.07. United Parks & Resorts Inc. has a 52-week low of $37.68 and a 52-week high of $60.83.
Analysts Set New Price Targets
Several equities research analysts have commented on PRKS shares. Guggenheim increased their price objective on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Truist Financial dropped their price target on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus reduced their price objective on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, April 11th. UBS Group assumed coverage on United Parks & Resorts in a research report on Wednesday, April 9th. They set a "neutral" rating and a $49.00 target price for the company. Finally, Barclays began coverage on shares of United Parks & Resorts in a research report on Friday, March 14th. They set an "equal weight" rating and a $50.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, United Parks & Resorts currently has an average rating of "Hold" and an average price target of $58.50.
Check Out Our Latest Analysis on PRKS
About United Parks & Resorts
(
Free Report)
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.
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