GFG Capital LLC Makes New Investment in United Parks & Resorts Inc. (NYSE:PRKS)

GFG Capital LLC purchased a new position in United Parks & Resorts Inc. (NYSE:PRKS) during the fourth quarter, Holdings Channel reports. The fund purchased 5,354 shares of the company’s stock, valued at approximately $301,000.

Other large investors have also bought and sold shares of the company. Hill Path Capital LP purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $1,376,588,000. Eagle Asset Management Inc. purchased a new position in shares of United Parks & Resorts during the third quarter valued at approximately $21,959,000. Quest Partners LLC purchased a new position in shares of United Parks & Resorts during the third quarter valued at approximately $448,000. Goldentree Asset Management LP purchased a new position in shares of United Parks & Resorts during the third quarter valued at approximately $71,882,000. Finally, Simcoe Capital Management LLC purchased a new position in shares of United Parks & Resorts during the third quarter valued at approximately $110,983,000.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PRKS. Macquarie reduced their target price on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Truist Financial lifted their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Mizuho restated an “underperform” rating and set a $43.00 price target (down from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Finally, Guggenheim dropped their price target on 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.60.

United Parks & Resorts Trading Up 2.6 %

United Parks & Resorts stock opened at $52.60 on Friday. The business’s fifty day simple moving average is $54.70 and its two-hundred day simple moving average is $53.01. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.83. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.18 and a beta of 1.99.

Insider Transactions at United Parks & Resorts

In other news, insider James Mikolaichik acquired 34,000 shares of United Parks & Resorts stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the completion of the transaction, the insider now owns 76,267 shares in the company, valued at $4,369,336.43. The trade was a 80.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher L. Finazzo sold 13,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the sale, the insider now owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.