C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases New Shares in United Parks & Resorts Inc. (NYSE:PRKS)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,715 shares of the company’s stock, valued at approximately $321,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GFG Capital LLC acquired a new stake in shares of United Parks & Resorts in the fourth quarter valued at about $301,000. IMC Chicago LLC acquired a new stake in shares of United Parks & Resorts in the fourth quarter valued at about $673,000. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of United Parks & Resorts by 0.9% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company’s stock valued at $31,203,000 after purchasing an additional 4,919 shares during the period. Hunter Associates Investment Management LLC grew its position in shares of United Parks & Resorts by 12.2% in the fourth quarter. Hunter Associates Investment Management LLC now owns 30,074 shares of the company’s stock valued at $1,690,000 after purchasing an additional 3,262 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of United Parks & Resorts in the fourth quarter valued at about $72,000.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PRKS shares. Truist Financial lifted their target price on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Guggenheim dropped their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Mizuho reiterated an “underperform” rating and issued a $43.00 target price (down previously from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.60.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now directly owns 132,439 shares of the company’s stock, valued at $7,366,257.18. The trade was a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

United Parks & Resorts Trading Down 0.7 %

PRKS opened at $54.23 on Friday. The firm’s 50-day moving average price is $54.18 and its 200 day moving average price is $53.10. United Parks & Resorts Inc. has a twelve month low of $44.72 and a twelve month high of $60.83. The firm has a market capitalization of $2.98 billion, a PE ratio of 13.59 and a beta of 1.99.

About United Parks & Resorts

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.