Quinn Opportunity Partners LLC Makes New Investment in United Parks & Resorts Inc. (NYSE:PRKS)

Quinn Opportunity Partners LLC acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,000 shares of the company's stock, valued at approximately $618,000.

A number of other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in United Parks & Resorts during the third quarter worth $32,000. R Squared Ltd bought a new position in United Parks & Resorts in the 4th quarter valued at about $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 increased its stake in 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 buying an additional 1,339 shares during the last quarter. Finally, Schechter Investment Advisors LLC bought a new position in shares of United Parks & Resorts during the 4th quarter worth approximately $209,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. UBS Group started coverage on United Parks & Resorts in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price objective on the stock. Mizuho increased their price target 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. Guggenheim upped their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Barclays started 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. Finally, Macquarie dropped 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. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $58.50.

Insiders Place Their Bets

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. Company insiders own 1.10% of the company's stock.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS traded up $1.23 during trading on Thursday, hitting $44.20. The company had a trading volume of 157,250 shares, compared to its average volume of 891,453. The stock has a 50 day simple moving average of $48.03 and a 200 day simple moving average of $52.31. The firm has a market capitalization of $2.43 billion, a P/E ratio of 11.05 and a beta of 1.61. 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.