13,400 Shares in United Parks & Resorts Inc. (NYSE:PRKS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in United Parks & Resorts Inc. (NYSE:PRKS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,400 shares of the company’s stock, valued at approximately $753,000.

Other institutional investors have also recently bought and sold shares of the company. Blueshift Asset Management LLC bought a new position in shares of United Parks & Resorts during the 4th quarter valued at approximately $1,375,000. Cibc World Markets Corp lifted its stake in United Parks & Resorts by 0.6% in the fourth quarter. Cibc World Markets Corp now owns 503,057 shares of the company’s stock valued at $28,267,000 after purchasing an additional 3,057 shares during the last quarter. River Road Asset Management LLC grew its holdings in United Parks & Resorts by 34.1% during the fourth quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company’s stock valued at $99,548,000 after purchasing an additional 450,670 shares during the period. PNC Financial Services Group Inc. increased its position in United Parks & Resorts by 31.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,418 shares of the company’s stock worth $361,000 after buying an additional 1,554 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of United Parks & Resorts in the fourth quarter valued at $1,142,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PRKS shares. Macquarie cut their price target on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Barclays initiated 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 target price for the company. Truist Financial lowered their price target on shares of 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. Mizuho raised their price objective on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a report on Thursday, February 27th. Finally, Guggenheim lifted 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, United Parks & Resorts has an average rating of “Hold” and an average price target of $61.18.

Insider Activity

In related news, insider Byron Surrett sold 7,008 shares of the company’s stock in a transaction that occurred on 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 directly owns 11,050 shares in the company, valued at approximately $540,345. This represents a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

United Parks & Resorts Stock Up 0.1 %

United Parks & Resorts stock opened at $45.53 on Wednesday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 11.41 and a beta of 1.96. The business has a 50-day simple moving average of $50.69 and a 200 day simple moving average of $53.16. United Parks & Resorts Inc. has a 52 week low of $44.10 and a 52 week high of $60.83.

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.