Rock Creek Group LP Purchases 5,000 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Rock Creek Group LP raised its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 11.1% in the fourth quarter, HoldingsChannel reports. The firm owned 50,000 shares of the company’s stock after acquiring an additional 5,000 shares during the period. United Parks & Resorts comprises about 0.2% of Rock Creek Group LP’s investment portfolio, making the stock its 22nd largest holding. Rock Creek Group LP’s holdings in United Parks & Resorts were worth $2,810,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. LPL Financial LLC boosted its stake in shares of United Parks & Resorts by 7.0% during the fourth quarter. LPL Financial LLC now owns 5,316 shares of the company’s stock valued at $299,000 after purchasing an additional 350 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in United Parks & Resorts during the third quarter worth $32,000. KBC Group NV boosted its position in United Parks & Resorts by 60.2% during 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 in the last quarter. Cannon Global Investment Management LLC increased its holdings in shares of United Parks & Resorts by 5.9% in the 4th quarter. Cannon Global Investment Management LLC now owns 13,235 shares of the company’s stock valued at $744,000 after acquiring an additional 735 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of United Parks & Resorts by 6.7% in 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PRKS shares. Mizuho lifted their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research note on Thursday, February 27th. Truist Financial cut their price objective 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. Guggenheim boosted their price objective on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Barclays began coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They issued an “equal weight” rating and a $50.00 price target on the stock. Finally, Macquarie decreased their price objective 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $61.18.

United Parks & Resorts Stock Down 2.2 %

Shares of NYSE:PRKS opened at $46.39 on Friday. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.83. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 11.63 and a beta of 1.96. The business has a 50-day moving average price of $50.97 and a 200-day moving average price of $53.21.

Insider Buying and Selling

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 11,050 shares of the company’s stock, 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 can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

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.