Schechter Investment Advisors LLC Acquires New Shares in United Parks & Resorts Inc. (NYSE:PRKS)

Schechter Investment Advisors LLC acquired a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,719 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc boosted its position in United Parks & Resorts by 33.3% during the 4th quarter. K.J. Harrison & Partners Inc now owns 40,000 shares of the company’s stock worth $2,302,000 after acquiring an additional 10,000 shares during the period. Bank of New York Mellon Corp boosted its position in United Parks & Resorts by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 139,536 shares of the company’s stock worth $7,841,000 after acquiring an additional 4,945 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in United Parks & Resorts during the 4th quarter worth $321,000. GFG Capital LLC acquired a new position in United Parks & Resorts during the 4th quarter worth $301,000. Finally, IMC Chicago LLC acquired a new position in United Parks & Resorts during the 4th quarter worth $673,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Macquarie reduced their price target on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday. Guggenheim boosted their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Mizuho boosted their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research note on Thursday, February 27th. Finally, Truist Financial boosted their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

Insider Transactions at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 13,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the sale, 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 available at this link. 1.10% of the stock is owned by insiders.

United Parks & Resorts Stock Down 0.6 %

Shares of United Parks & Resorts stock opened at $49.37 on Friday. The stock’s fifty day moving average is $53.41 and its 200-day moving average is $53.38. The firm has a market capitalization of $2.72 billion, a PE ratio of 12.37 and a beta of 1.99. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.83.

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.