Clark Estates Inc. NY Purchases 75,000 Shares of United Parks & Resorts Inc. $PRKS

Clark Estates Inc. NY lifted its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 57.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 205,000 shares of the company’s stock after buying an additional 75,000 shares during the quarter. United Parks & Resorts makes up 2.4% of Clark Estates Inc. NY’s holdings, making the stock its 13th largest holding. Clark Estates Inc. NY’s holdings in United Parks & Resorts were worth $10,598,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Campbell & CO Investment Adviser LLC bought a new stake in United Parks & Resorts during the second quarter valued at about $1,533,000. Norges Bank purchased a new stake in shares of United Parks & Resorts during the second quarter worth about $12,019,000. Principal Financial Group Inc. bought a new stake in United Parks & Resorts during the 3rd quarter valued at approximately $6,876,000. State of Alaska Department of Revenue purchased a new position in United Parks & Resorts in the 3rd quarter worth approximately $865,000. Finally, Voss Capital LP boosted its stake in United Parks & Resorts by 3.7% in the 2nd quarter. Voss Capital LP now owns 1,965,000 shares of the company’s stock worth $92,650,000 after purchasing an additional 69,576 shares during the period.

Analyst Ratings Changes

PRKS has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 11th. 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 report on Thursday, February 5th. Truist Financial decreased their price target on shares of 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. JPMorgan Chase & Co. cut their price objective on United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group decreased their target price on United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Four equities 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 has an average rating of “Hold” and an average target price of $49.36.

Insider Activity at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 7,200 shares of United Parks & Resorts stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $35.12, for a total value of $252,864.00. Following the completion of the transaction, the insider owned 138,285 shares in the company, valued at approximately $4,856,569.20. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

United Parks & Resorts Stock Down 0.2%

Shares of NYSE:PRKS opened at $35.47 on Monday. The firm has a fifty day simple moving average of $36.37 and a two-hundred day simple moving average of $42.96. 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 capitalization of $1.93 billion, a P/E ratio of 10.85, a PEG ratio of 2.43 and a beta of 1.27.

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.