8,386 Shares in United Parks & Resorts Inc. (NYSE:PRKS) Purchased by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new position in United Parks & Resorts Inc. (NYSE:PRKS - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 8,386 shares of the company's stock, valued at approximately $471,000.

Several other hedge funds have also added to or reduced their stakes in PRKS. Barclays PLC purchased a new stake in United Parks & Resorts during the 3rd quarter valued at $18,222,000. Virtu Financial LLC bought a new stake in shares of United Parks & Resorts during the third quarter valued at approximately $270,000. Perpetual Ltd increased its stake in shares of United Parks & Resorts by 37.8% in the 4th quarter. Perpetual Ltd now owns 459,150 shares of the company's stock worth $25,800,000 after acquiring an additional 125,912 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of United Parks & Resorts by 894.2% during the fourth quarter. SG Americas Securities LLC now owns 145,250 shares of the company's stock valued at $8,162,000 after purchasing an additional 130,640 shares in the last quarter. Finally, KBC Group NV raised its stake in United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company's stock valued at $95,000 after buying an additional 638 shares during the last quarter.

Wall Street Analyst Weigh In

PRKS has been the topic of a number of analyst reports. Truist Financial dropped their price target on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Macquarie cut their target price on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Stifel Nicolaus decreased their price target 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. Morgan Stanley decreased their target price on United Parks & Resorts from $56.00 to $50.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Barclays initiated coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They set an "equal weight" rating and a $50.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $57.85.

Insider Transactions at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of the 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 sale, the insider now owns 11,050 shares in the company, valued at approximately $540,345. This trade represents a 38.81 % decrease in their ownership of the stock. The transaction 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 Price Performance

Shares of NYSE:PRKS traded up $1.01 during midday trading on Friday, hitting $46.86. The company had a trading volume of 468,681 shares, compared to its average volume of 884,951. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 11.74 and a beta of 1.51. The company has a fifty day moving average of $45.45 and a two-hundred day moving average of $51.63. United Parks & Resorts Inc. has a 12-month low of $37.68 and a 12-month high of $60.83.

United Parks & Resorts 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.