Cibc World Market Inc. Purchases 253,400 Shares of United Parks & Resorts Inc. $PRKS

Cibc World Market Inc. increased its position in United Parks & Resorts Inc. (NYSE:PRKS) by 112.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 478,410 shares of the company’s stock after acquiring an additional 253,400 shares during the period. Cibc World Market Inc. owned about 0.88% of United Parks & Resorts worth $17,366,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Nomura Holdings Inc. grew its holdings in shares of United Parks & Resorts by 742.3% in the third quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock worth $231,428,000 after acquiring an additional 3,944,894 shares during the period. Vanguard Group Inc. grew its holdings in shares of United Parks & Resorts by 9.4% in the third quarter. Vanguard Group Inc. now owns 2,994,579 shares of the company’s stock worth $154,820,000 after acquiring an additional 256,367 shares during the period. Voss Capital LP grew its holdings in shares of United Parks & Resorts by 4.3% in the third quarter. Voss Capital LP now owns 2,050,000 shares of the company’s stock worth $105,985,000 after acquiring an additional 85,000 shares during the period. Goldentree Asset Management LP grew its holdings in shares of United Parks & Resorts by 9.1% in the third quarter. Goldentree Asset Management LP now owns 1,328,507 shares of the company’s stock worth $68,553,000 after acquiring an additional 111,037 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of United Parks & Resorts by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,078,618 shares of the company’s stock worth $55,767,000 after acquiring an additional 8,877 shares during the period.

Analyst Upgrades and Downgrades

PRKS has been the topic of several analyst reports. Mizuho upgraded United Parks & Resorts from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $27.00 to $47.00 in a research report on Friday, May 8th. Stifel Nicolaus reiterated a “hold” rating and set a $40.00 target price (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday, May 12th. Guggenheim lowered their target price on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Friday, March 27th. Finally, Zacks Research downgraded United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, United Parks & Resorts presently has a consensus rating of “Hold” and an average target price of $47.20.

United Parks & Resorts Stock Performance

NYSE PRKS opened at $40.75 on Friday. The company has a market capitalization of $1.92 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17. The business’s fifty day moving average is $35.95 and its 200 day moving average is $35.46. United Parks & Resorts Inc. has a fifty-two week low of $28.77 and a fifty-two week high of $56.95.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Monday, May 11th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.33). The company had revenue of $278.29 million for the quarter, compared to analysts’ expectations of $279.92 million. United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. United Parks & Resorts’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.29) earnings per share. On average, sell-side analysts forecast that United Parks & Resorts Inc. will post 3.41 EPS for the current year.

United Parks & Resorts Company 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.