Blueshift Asset Management LLC Makes New $1.38 Million Investment in United Parks & Resorts Inc. (NYSE:PRKS)

Blueshift Asset Management LLC purchased a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,475 shares of the company’s stock, valued at approximately $1,375,000.

A number of other hedge funds have also recently made changes to their positions in the business. Hill Path Capital LP purchased a new position in United Parks & Resorts in the 3rd quarter worth $1,376,588,000. Simcoe Capital Management LLC purchased a new position in shares of United Parks & Resorts in the third quarter worth about $110,983,000. Goldentree Asset Management LP bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $71,882,000. HG Vora Capital Management LLC bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $65,780,000. Finally, State Street Corp purchased a new stake in United Parks & Resorts during the 3rd quarter valued at about $42,787,000.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays assumed coverage on United Parks & Resorts in a research note on Friday, March 14th. They issued an “equal weight” rating and a $50.00 price target on the stock. Guggenheim boosted their target price on United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Macquarie dropped their price target 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. Finally, Mizuho lifted their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.36.

United Parks & Resorts Trading Up 3.8 %

NYSE:PRKS opened at $48.98 on Thursday. The stock has a fifty day simple moving average of $51.78 and a 200-day simple moving average of $53.34. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 12.28 and a beta of 1.96. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83.

Insider Activity

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $48.90, for a total value 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 document filed with the SEC, which can be accessed through the SEC website. 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.