PNC Financial Services Group Inc. Has $361,000 Position in United Parks & Resorts Inc. (NYSE:PRKS)

PNC Financial Services Group Inc. raised its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 31.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,418 shares of the company’s stock after acquiring an additional 1,554 shares during the quarter. PNC Financial Services Group Inc.’s holdings in United Parks & Resorts were worth $361,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PRKS. Public Employees Retirement System of Ohio bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at $32,000. KBC Group NV lifted its position 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 worth $95,000 after buying an additional 638 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of United Parks & Resorts by 6.7% during the 4th quarter. Victory Capital Management Inc. now owns 16,283 shares of the company’s stock worth $915,000 after acquiring an additional 1,021 shares in the last quarter. R Squared Ltd acquired a new position in shares of United Parks & Resorts during the 4th quarter valued at about $72,000. Finally, Steward Partners Investment Advisory LLC increased its holdings 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 valued at $103,000 after acquiring an additional 1,339 shares during the last quarter.

Insider Activity

In other news, insider Byron Surrett sold 7,008 shares of the firm’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 transaction, the insider now owns 11,050 shares of the company’s stock, valued at approximately $540,345. This trade represents a 38.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PRKS shares. Mizuho increased their price target on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a report on Thursday, February 27th. Guggenheim raised their target price 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. Macquarie cut 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 research report on Thursday, March 6th. Finally, Barclays began coverage on United Parks & Resorts in a research report on Friday, March 14th. They issued an “equal weight” rating and a $50.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.36.

United Parks & Resorts Price Performance

PRKS stock opened at $48.76 on Friday. The company has a 50 day moving average price of $51.60 and a 200 day moving average price of $53.31. United Parks & Resorts Inc. has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The stock has a market capitalization of $2.68 billion, a PE ratio of 12.22 and a beta of 1.96.

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.