Cibc World Markets Corp Buys 3,057 Shares of United Parks & Resorts Inc. (NYSE:PRKS)

Cibc World Markets Corp grew its stake in United Parks & Resorts Inc. (NYSE:PRKS) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 503,057 shares of the company’s stock after acquiring an additional 3,057 shares during the quarter. Cibc World Markets Corp owned 0.91% of United Parks & Resorts worth $28,267,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hill Path Capital LP acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at approximately $1,376,588,000. Simcoe Capital Management LLC acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at approximately $110,983,000. Goldentree Asset Management LP acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at approximately $71,882,000. HG Vora Capital Management LLC acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at approximately $65,780,000. Finally, State Street Corp acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at approximately $42,787,000.

Insider Activity

In related news, insider Byron Surrett sold 7,008 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the sale, the insider now owns 11,050 shares in the company, valued at approximately $540,345. This represents a 38.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

United Parks & Resorts Trading Up 4.5 %

NYSE PRKS opened at $47.71 on Monday. The company has a market cap of $2.63 billion, a PE ratio of 11.96 and a beta of 1.96. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.83. The stock has a 50 day moving average of $52.35 and a 200-day moving average of $53.39.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PRKS. 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, March 6th. Barclays began coverage on United Parks & Resorts in a research report on Friday. They set an “equal weight” rating and a $50.00 price target for the company. Guggenheim upped their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Mizuho upped their price target on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.36.

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.