Russell Investments Group Ltd. Raises Position in United Parks & Resorts Inc. (NYSE:PRKS)

Russell Investments Group Ltd. increased its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 402,680 shares of the company’s stock after purchasing an additional 80,770 shares during the period. Russell Investments Group Ltd. owned approximately 0.73% of United Parks & Resorts worth $22,532,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PRKS. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth approximately $32,000. R Squared Ltd purchased a new position in United Parks & Resorts in the fourth quarter worth $72,000. KBC Group NV lifted its holdings in 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 acquiring an additional 638 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of 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 worth $103,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Schechter Investment Advisors LLC acquired a new position in shares of United Parks & Resorts during the 4th quarter worth $209,000.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PRKS. Truist Financial decreased 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 report on Tuesday, March 25th. Guggenheim upped their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Barclays began coverage on United Parks & Resorts in a report on Friday, March 14th. They set an “equal weight” rating and a $50.00 price objective for the company. Mizuho boosted their price objective on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research report on Thursday, February 27th. 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 report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.18.

United Parks & Resorts Stock Performance

Shares of PRKS opened at $38.64 on Wednesday. The stock has a fifty day moving average of $49.42 and a two-hundred day moving average of $52.73. United Parks & Resorts Inc. has a fifty-two week low of $38.33 and a fifty-two week high of $60.83. The company has a market capitalization of $2.13 billion, a PE ratio of 9.68 and a beta of 1.61.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 11,050 shares in the company, valued at $540,345. This represents a 38.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is owned by company insiders.

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.