Raymond James Financial Inc. Purchases Shares of 539,094 United Parks & Resorts Inc. (NYSE:PRKS)

Raymond James Financial Inc. bought a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 539,094 shares of the company’s stock, valued at approximately $30,292,000. Raymond James Financial Inc. owned 0.98% of United Parks & Resorts at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Aigen Investment Management LP purchased a new position in shares of United Parks & Resorts during the 4th quarter valued at approximately $268,000. Victory Capital Management Inc. lifted its position in shares of 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. Charles Schwab Investment Management Inc. lifted its position in shares of United Parks & Resorts by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,565 shares of the company’s stock valued at $23,800,000 after buying an additional 10,566 shares in the last quarter. Steward Partners Investment Advisory LLC lifted 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 valued at $103,000 after buying an additional 1,339 shares in the last quarter. Finally, Schechter Investment Advisors LLC purchased a new position in shares of United Parks & Resorts during the 4th quarter valued at approximately $209,000.

United Parks & Resorts Stock Up 4.5 %

NYSE PRKS opened at $47.71 on Friday. United Parks & Resorts Inc. has a 52 week low of $44.72 and a 52 week high of $60.83. The business’s fifty day simple moving average is $52.35 and its 200-day simple moving average is $53.33. The firm has a market cap of $2.63 billion, a PE ratio of 11.96 and a beta of 1.96.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Mizuho increased their target price 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. Macquarie decreased their price objective on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Guggenheim raised their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Barclays assumed coverage on United Parks & Resorts in a report on Friday. They issued an “equal weight” rating and a $50.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.36.

Insider Transactions at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $540,345. This trade represents a 38.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

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.