Public Sector Pension Investment Board Purchases New Position in United Parks & Resorts Inc. $PRKS

Public Sector Pension Investment Board acquired a new position in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 107,315 shares of the company’s stock, valued at approximately $5,548,000.

Several other hedge funds also recently modified their holdings of PRKS. CWM LLC grew its position in United Parks & Resorts by 74.3% during the 3rd quarter. CWM LLC now owns 495 shares of the company’s stock worth $26,000 after acquiring an additional 211 shares during the last quarter. Federated Hermes Inc. boosted its stake in United Parks & Resorts by 114.0% in the third quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock worth $28,000 after purchasing an additional 293 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of United Parks & Resorts during the second quarter worth $123,000. Pacer Advisors Inc. acquired a new stake in shares of United Parks & Resorts in the third quarter valued at $154,000. Finally, Maryland State Retirement & Pension System bought a new position in shares of United Parks & Resorts in the third quarter valued at about $204,000.

Insider Activity

In related news, insider Christopher L. Finazzo sold 7,200 shares of United Parks & Resorts stock in a transaction on Monday, December 15th. The stock was sold at an average price of $35.12, for a total transaction of $252,864.00. Following the completion of the sale, the insider directly owned 138,285 shares of the company’s stock, valued at $4,856,569.20. The trade was 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 at this link. 1.20% of the stock is owned by corporate insiders.

United Parks & Resorts Stock Performance

Shares of PRKS stock opened at $35.54 on Thursday. The firm’s 50 day moving average price is $36.42 and its two-hundred day moving average price is $43.16. United Parks & Resorts Inc. has a 52-week low of $29.62 and a 52-week high of $58.51. The stock has a market cap of $1.94 billion, a PE ratio of 10.87, a PEG ratio of 2.32 and a beta of 1.27.

Analysts Set New Price Targets

A number of equities research analysts have commented on PRKS shares. The Goldman Sachs Group decreased their price objective on shares of United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. Truist Financial dropped their price objective on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, December 4th. Mizuho decreased their price objective on United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 12th. Finally, Barclays dropped their target price on United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 11th. 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 company. According to data from MarketBeat, United Parks & Resorts currently has an average rating of “Hold” and an average price target of $49.36.

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.