Waratah Capital Advisors Ltd. Makes New Investment in United Parks & Resorts Inc. $PRKS

Waratah Capital Advisors Ltd. bought a new position in United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 92,022 shares of the company’s stock, valued at approximately $4,758,000.

A number of other large investors also recently made changes to their positions in PRKS. Vanguard Group Inc. boosted its holdings in United Parks & Resorts by 9.4% during the third quarter. Vanguard Group Inc. now owns 2,994,579 shares of the company’s stock worth $154,820,000 after purchasing an additional 256,367 shares during the last quarter. Voss Capital LP lifted its position in shares of United Parks & Resorts by 3.7% during the 2nd quarter. Voss Capital LP now owns 1,965,000 shares of the company’s stock worth $92,650,000 after buying an additional 69,576 shares in the last quarter. River Road Asset Management LLC lifted its position in shares of United Parks & Resorts by 3.0% during the 2nd quarter. River Road Asset Management LLC now owns 1,870,138 shares of the company’s stock worth $88,514,000 after buying an additional 54,186 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of United Parks & Resorts by 58.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock worth $30,859,000 after buying an additional 251,522 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of United Parks & Resorts by 3.1% in the second quarter. Raymond James Financial Inc. now owns 562,286 shares of the company’s stock valued at $26,512,000 after acquiring an additional 16,648 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PRKS. Citigroup dropped their price target on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Truist Financial lowered their target price on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, December 4th. Mizuho cut their price target on shares of United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating on the stock in a report on Wednesday, November 12th. Barclays decreased their price objective on shares of United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, November 11th. Finally, Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.36.

Insider Buying and Selling

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 7,200 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $35.12, for a total transaction of $252,864.00. Following the completion of the transaction, the insider owned 138,285 shares in the company, valued at $4,856,569.20. This trade represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by company insiders.

United Parks & Resorts Stock Performance

PRKS stock opened at $34.57 on Wednesday. The stock has a fifty day moving average of $36.33 and a 200-day moving average of $42.75. United Parks & Resorts Inc. has a fifty-two week low of $29.62 and a fifty-two week high of $58.51. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 2.33 and a beta of 1.27.

United Parks & Resorts 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.