Dark Forest Capital Management LP Buys Shares of 20,405 United Parks & Resorts Inc. (NYSE:PRKS)

Dark Forest Capital Management LP bought a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,405 shares of the company's stock, valued at approximately $1,147,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRKS. R Squared Ltd purchased a new stake in United Parks & Resorts in the 4th quarter valued at about $72,000. KBC Group NV raised its stake in shares of United Parks & Resorts by 60.2% in the 4th quarter. KBC Group NV now owns 1,698 shares of the company's stock valued at $95,000 after acquiring an additional 638 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of United Parks & Resorts by 267.8% in 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 period. Schechter Investment Advisors LLC purchased a new position in shares of United Parks & Resorts during the 4th quarter worth approximately $209,000. Finally, Mariner LLC acquired a new stake in United Parks & Resorts in the 4th quarter valued at approximately $214,000.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS traded down $0.26 during trading on Tuesday, hitting $43.50. 134,550 shares of the company were exchanged, compared to its average volume of 894,334. United Parks & Resorts Inc. has a 12-month low of $37.68 and a 12-month high of $60.83. The firm's 50 day moving average price is $46.65 and its 200-day moving average price is $52.02. The stock has a market capitalization of $2.39 billion, a P/E ratio of 10.87 and a beta of 1.61.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PRKS. Guggenheim raised their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Macquarie lowered their target price 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. Barclays assumed 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 on the stock. UBS Group began coverage on shares of United Parks & Resorts in a report on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price objective for the company. Finally, Truist Financial decreased their price target on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $58.50.

Insider Activity

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction that occurred on Monday, March 10th. The stock was 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 trade represents a 38.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

United Parks & Resorts Company 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.