Crestline Management LP Boosts Stock Position in United Parks & Resorts Inc. (NYSE:PRKS)

Crestline Management LP grew its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 36.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,934 shares of the company’s stock after buying an additional 3,730 shares during the period. Crestline Management LP’s holdings in United Parks & Resorts were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Barclays PLC purchased a new stake in United Parks & Resorts in the third quarter valued at $18,222,000. Perpetual Ltd increased its position in shares of United Parks & Resorts by 37.8% during the fourth quarter. Perpetual Ltd now owns 459,150 shares of the company’s stock worth $25,800,000 after purchasing an additional 125,912 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of United Parks & Resorts by 894.2% in the 4th quarter. SG Americas Securities LLC now owns 145,250 shares of the company’s stock valued at $8,162,000 after purchasing an additional 130,640 shares during the last quarter. KBC Group NV boosted its position in shares of United Parks & Resorts by 60.2% in the 4th quarter. KBC Group NV now owns 1,698 shares of the company’s stock valued at $95,000 after purchasing an additional 638 shares during the period. Finally, R Squared Ltd purchased a new position in United Parks & Resorts during the 4th quarter worth approximately $72,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports 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 report on Thursday, March 6th. Truist Financial reduced their target price on shares of United Parks & Resorts from $62.00 to $52.00 and set a “buy” rating for the company in a report on Monday, April 14th. Mizuho raised their price target on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a report on Thursday, February 27th. UBS Group initiated coverage on United Parks & Resorts in a research note on Wednesday, April 9th. They set a “neutral” rating and a $49.00 price objective for the company. Finally, Morgan Stanley dropped their target price on United Parks & Resorts from $56.00 to $50.00 and set an “equal weight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.85.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction that occurred on 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 transaction, the insider now directly owns 11,050 shares in the company, valued at $540,345. The trade was a 38.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

United Parks & Resorts Stock Up 3.3 %

Shares of NYSE PRKS opened at $47.36 on Friday. United Parks & Resorts Inc. has a 52 week low of $37.68 and a 52 week high of $60.83. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 11.87 and a beta of 1.51. The firm has a 50-day moving average price of $45.42 and a 200 day moving average price of $51.59.

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.