JCP Investment Management LLC Buys Shares of 99,800 United Parks & Resorts Inc. (NYSE:PRKS)

JCP Investment Management LLC purchased a new position in United Parks & Resorts Inc. (NYSE:PRKS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 99,800 shares of the company’s stock, valued at approximately $5,608,000. United Parks & Resorts accounts for approximately 3.3% of JCP Investment Management LLC’s investment portfolio, making the stock its 12th largest holding. JCP Investment Management LLC owned about 0.18% of United Parks & Resorts at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. R Squared Ltd purchased a new position in United Parks & Resorts during the 4th quarter worth $72,000. KBC Group NV grew its stake in shares of United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company’s stock worth $95,000 after acquiring an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of United Parks & Resorts by 267.8% during the fourth 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 in the last quarter. Schechter Investment Advisors LLC purchased a new position in shares of United Parks & Resorts in the 4th quarter valued at approximately $209,000. Finally, Mariner LLC acquired a new stake in United Parks & Resorts in the 4th quarter worth approximately $214,000.

Analysts Set New Price Targets

PRKS has been the topic of a number of research analyst reports. Macquarie dropped their price objective on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Barclays assumed coverage on United Parks & Resorts in a report on Friday, March 14th. They issued an “equal weight” rating and a $50.00 price objective on the stock. UBS Group initiated coverage on United Parks & Resorts in a report on Wednesday, April 9th. They set a “neutral” rating and a $49.00 target price for the company. Morgan Stanley cut their price target on shares of United Parks & Resorts from $56.00 to $50.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Finally, Truist Financial decreased their price objective on shares of United Parks & Resorts from $62.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, United Parks & Resorts has a consensus rating of “Hold” and an average target price of $57.85.

United Parks & Resorts Stock Performance

PRKS stock opened at $47.36 on Friday. United Parks & Resorts Inc. has a one year low of $37.68 and a one year high of $60.83. The firm’s fifty day moving average is $45.42 and its 200 day moving average is $51.58. The firm has a market cap of $2.60 billion, a PE ratio of 11.87 and a beta of 1.51.

Insider Transactions at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the 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 transaction, the insider now owns 11,050 shares in the company, valued at $540,345. This trade represents a 38.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.