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

Cibc World Markets Corp grew its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 0.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 503,057 shares of the company’s stock after buying an additional 3,057 shares during the quarter. Cibc World Markets Corp’s holdings in United Parks & Resorts were worth $28,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. River Road Asset Management LLC increased its position in United Parks & Resorts by 34.1% during the 4th quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company’s stock worth $99,548,000 after buying an additional 450,670 shares during the period. PNC Financial Services Group Inc. increased its position in United Parks & Resorts by 31.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,418 shares of the company’s stock worth $361,000 after buying an additional 1,554 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of United Parks & Resorts during the 4th quarter worth $1,142,000. Raymond James Financial Inc. acquired a new stake in shares of United Parks & Resorts during the 4th quarter worth $30,292,000. Finally, Aigen Investment Management LP acquired a new stake in shares of United Parks & Resorts during the 4th quarter worth $268,000.

Insider Activity

In other news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $48.90, for a total transaction of $342,691.20. Following the sale, the insider now directly owns 11,050 shares of the company’s stock, valued at approximately $540,345. This trade represents a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PRKS shares. Macquarie reduced their target price on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Barclays started coverage on United Parks & Resorts in a report on Friday. They set an “equal weight” rating and a $50.00 target price on the stock. Mizuho increased their target price on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a report on Thursday, February 27th. Finally, Guggenheim increased their target price on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.36.

United Parks & Resorts Trading Up 4.5 %

Shares of PRKS stock opened at $47.71 on Monday. The business’s 50-day moving average price is $52.35 and its 200-day moving average price is $53.39. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.83. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 11.96 and a beta of 1.96.

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.