539,094 Shares in United Parks & Resorts Inc. (NYSE:PRKS) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in United Parks & Resorts Inc. (NYSE:PRKS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 539,094 shares of the company’s stock, valued at approximately $30,292,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRKS. Public Employees Retirement System of Ohio purchased a new position in United Parks & Resorts in the third quarter worth $32,000. R Squared Ltd bought a new stake in United Parks & Resorts during the 4th quarter valued at approximately $72,000. KBC Group NV grew its position 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 worth $95,000 after buying an additional 638 shares during the period. Steward Partners Investment Advisory LLC increased its position in United Parks & Resorts by 267.8% during 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 in the last quarter. Finally, Schechter Investment Advisors LLC purchased a new position in United Parks & Resorts in the fourth quarter worth about $209,000.

United Parks & Resorts Stock Performance

NYSE PRKS opened at $44.28 on Friday. United Parks & Resorts Inc. has a one year low of $37.68 and a one year high of $60.83. The company’s 50 day moving average price is $47.87 and its 200 day moving average price is $52.27. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 11.10 and a beta of 1.61.

Insider Transactions at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 11,050 shares in the company, valued at approximately $540,345. The trade was a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PRKS shares. Truist Financial dropped their target price on shares of United Parks & Resorts from $62.00 to $52.00 and set a “buy” rating on the stock in a report on Monday. Guggenheim lifted their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Macquarie lowered their price objective 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. Stifel Nicolaus decreased their price objective on shares of 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. Finally, UBS Group began coverage on United Parks & Resorts in a report on Wednesday, April 9th. They set a “neutral” rating and a $49.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $58.50.

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.