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

Quinn Opportunity Partners LLC purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the fourth quarter, HoldingsChannel reports. The fund purchased 11,000 shares of the company’s stock, valued at approximately $618,000.

A number of other hedge funds also recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $32,000. R Squared Ltd purchased a new position in United Parks & Resorts in the fourth quarter worth about $72,000. KBC Group NV increased 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 worth $95,000 after acquiring an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in 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 worth $103,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Schechter Investment Advisors LLC purchased a new stake in United Parks & Resorts during the fourth quarter valued at approximately $209,000.

United Parks & Resorts Price Performance

United Parks & Resorts stock opened at $41.77 on Friday. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 10.47 and a beta of 1.61. The firm has a 50-day moving average of $48.63 and a two-hundred day moving average of $52.49. United Parks & Resorts Inc. has a 1 year low of $37.68 and a 1 year high of $60.83.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PRKS shares. Truist Financial dropped their target price on United Parks & Resorts from $64.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Barclays began coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They set an “equal weight” rating and a $50.00 price objective for the company. Mizuho increased their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research note on Thursday, February 27th. UBS Group assumed coverage on shares of United Parks & Resorts in a research note on Wednesday. They set a “neutral” rating and a $49.00 price target for the company. Finally, Guggenheim upped their price target on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.33.

Insider Activity at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the completion of the sale, the insider now directly owns 11,050 shares in the company, valued at $540,345. The trade was a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company 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.