C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $321,000 Position in United Parks & Resorts Inc. (NYSE:PRKS)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in United Parks & Resorts Inc. (NYSE:PRKS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,715 shares of the company’s stock, valued at approximately $321,000.

Several other institutional investors also recently modified their holdings of PRKS. Hill Path Capital LP acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at $1,376,588,000. Simcoe Capital Management LLC acquired a new position in United Parks & Resorts in the 3rd quarter worth approximately $110,983,000. Goldentree Asset Management LP acquired a new stake in shares of United Parks & Resorts in the third quarter worth $71,882,000. River Road Asset Management LLC purchased a new position in shares of United Parks & Resorts during the third quarter valued at $66,841,000. Finally, HG Vora Capital Management LLC acquired a new position in United Parks & Resorts during the third quarter valued at $65,780,000.

Analyst Ratings Changes

PRKS has been the subject of a number of research analyst reports. Guggenheim reduced their price target on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Mizuho reaffirmed an “underperform” rating and issued a $43.00 target price (down from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Truist Financial lifted their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Macquarie decreased their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.60.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $52.60 on Friday. The stock’s 50-day moving average is $54.70 and its 200-day moving average is $53.01. The company has a market cap of $2.89 billion, a P/E ratio of 13.18 and a beta of 1.99. United Parks & Resorts Inc. has a 52-week low of $44.72 and a 52-week high of $60.83.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the transaction, the insider now owns 132,439 shares of the company’s stock, valued at $7,366,257.18. This represents a 8.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James Mikolaichik acquired 34,000 shares of United Parks & Resorts stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $57.29 per share, with a total value of $1,947,860.00. Following the transaction, the insider now directly owns 76,267 shares in the company, valued at approximately $4,369,336.43. This trade represents a 80.44 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

United Parks & Resorts 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.