92,022 Shares in United Parks & Resorts Inc. $PRKS Bought by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. purchased a new stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 92,022 shares of the company’s stock, valued at approximately $4,758,000. Waratah Capital Advisors Ltd. owned about 0.17% of United Parks & Resorts at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at about $19,209,000. ING Groep NV bought a new stake in United Parks & Resorts in the third quarter worth approximately $18,095,000. Vanguard Group Inc. lifted its stake in United Parks & Resorts by 9.4% in the third quarter. Vanguard Group Inc. now owns 2,994,579 shares of the company’s stock valued at $154,820,000 after buying an additional 256,367 shares during the period. Norges Bank acquired a new position in United Parks & Resorts in the second quarter valued at approximately $12,019,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of United Parks & Resorts by 58.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock worth $30,859,000 after buying an additional 251,522 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PRKS shares. Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Citigroup dropped their price objective 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. Barclays reduced 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 note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Monday, December 29th. Finally, Mizuho cut their price target on United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating on the stock in a report on Wednesday, November 12th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.36.

Insider Buying and Selling

In other news, insider Christopher L. Finazzo sold 7,200 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 138,285 shares of the company’s stock, valued at $4,856,569.20. This represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

United Parks & Resorts Price Performance

NYSE:PRKS opened at $34.57 on Wednesday. United Parks & Resorts Inc. has a one year low of $29.62 and a one year high of $58.51. The company has a market cap of $1.89 billion, a PE ratio of 10.57, a PEG ratio of 2.33 and a beta of 1.27. The firm has a 50-day moving average of $36.33 and a 200-day moving average of $42.75.

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.