Principal Financial Group Inc. Makes New $6.88 Million Investment in United Parks & Resorts Inc. $PRKS

Principal Financial Group Inc. acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, HoldingsChannel reports. The firm acquired 132,990 shares of the company’s stock, valued at approximately $6,876,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC bought a new stake in United Parks & Resorts during the 3rd quarter worth approximately $19,209,000. Norges Bank acquired a new position in United Parks & Resorts in the second quarter worth $12,019,000. Goldman Sachs Group Inc. grew its holdings in shares of United Parks & Resorts by 58.9% during the first quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock worth $30,859,000 after purchasing an additional 251,522 shares during the last quarter. HRT Financial LP grew its holdings in shares of United Parks & Resorts by 84.4% during the second quarter. HRT Financial LP now owns 154,209 shares of the company’s stock worth $7,270,000 after purchasing an additional 70,594 shares during the last quarter. Finally, Engine Capital Management LP increased its stake in shares of United Parks & Resorts by 19.1% in the second quarter. Engine Capital Management LP now owns 436,397 shares of the company’s stock valued at $20,576,000 after buying an additional 70,000 shares in the last quarter.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 7,200 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $35.12, for a total value of $252,864.00. Following the transaction, the insider owned 138,285 shares of the company’s stock, valued at $4,856,569.20. This represents a 4.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

United Parks & Resorts Price Performance

Shares of NYSE PRKS opened at $33.94 on Friday. United Parks & Resorts Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $58.51. The firm has a market capitalization of $1.85 billion, a P/E ratio of 10.38, a P/E/G ratio of 2.23 and a beta of 1.27. The company’s 50 day simple moving average is $36.48 and its 200 day simple moving average is $43.47.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup reduced their price target on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Monday, December 29th. The Goldman Sachs Group lowered their price target on shares of United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Truist Financial reduced their price objective on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Finally, Mizuho lowered their target price on United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating for the company in a research note on Wednesday, November 12th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.36.

United Parks & Resorts Company 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.