Cannon Global Investment Management LLC Purchases 735 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Cannon Global Investment Management LLC raised its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,235 shares of the company’s stock after buying an additional 735 shares during the quarter. United Parks & Resorts accounts for 1.6% of Cannon Global Investment Management LLC’s investment portfolio, making the stock its 19th largest holding. Cannon Global Investment Management LLC’s holdings in United Parks & Resorts were worth $744,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in United Parks & Resorts by 7.0% during the fourth quarter. LPL Financial LLC now owns 5,316 shares of the company’s stock worth $299,000 after buying an additional 350 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in United Parks & Resorts during the third quarter worth about $32,000. KBC Group NV raised its holdings in United Parks & Resorts by 60.2% during the 4th 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. Victory Capital Management Inc. grew its holdings in United Parks & Resorts by 6.7% during the 4th quarter. Victory Capital Management Inc. now owns 16,283 shares of the company’s stock valued at $915,000 after buying an additional 1,021 shares in the last quarter. Finally, R Squared Ltd purchased a new position in United Parks & Resorts during the fourth quarter valued at approximately $72,000.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the firm’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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.

United Parks & Resorts Trading Up 1.0 %

NYSE:PRKS opened at $49.26 on Monday. The company has a market cap of $2.71 billion, a PE ratio of 12.35 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. The company’s 50 day moving average is $51.48 and its two-hundred day moving average is $53.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PRKS shares. Macquarie lowered their target price on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Barclays initiated coverage on United Parks & Resorts in a report on Friday, March 14th. They set an “equal weight” rating and a $50.00 price target on the stock. Mizuho increased their target price on 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, Guggenheim lifted their target price 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $61.36.

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.