Cibc World Market Inc. Increases Holdings in United Parks & Resorts Inc. $PRKS

Cibc World Market Inc. grew its holdings in United Parks & Resorts Inc. (NYSE:PRKS) by 112.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 478,410 shares of the company’s stock after acquiring an additional 253,400 shares during the period. Cibc World Market Inc.’s holdings in United Parks & Resorts were worth $17,366,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Nomura Holdings Inc. lifted its position 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 valued at $231,428,000 after acquiring an additional 3,944,894 shares in the last quarter. Vanguard Group Inc. lifted its position 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 valued at $154,820,000 after acquiring an additional 256,367 shares in the last quarter. Voss Capital LP lifted its position 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 valued at $105,985,000 after acquiring an additional 85,000 shares in the last quarter. Goldentree Asset Management LP lifted its position 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 valued at $68,553,000 after acquiring an additional 111,037 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position 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 valued at $55,767,000 after acquiring an additional 8,877 shares in the last quarter.

United Parks & Resorts Trading Down 0.1%

NYSE:PRKS opened at $40.75 on Friday. The company has a market capitalization of $1.92 billion, a P/E ratio of 15.38, a P/E/G ratio of 3.21 and a beta of 1.17. United Parks & Resorts Inc. has a 12 month low of $28.77 and a 12 month high of $56.95. The business’s 50-day moving average is $35.95 and its 200 day moving average is $35.46.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PRKS shares. Stifel Nicolaus restated a “hold” rating and issued a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a research report on Tuesday, May 12th. Zacks Research downgraded United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, April 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Friday, March 27th. Mizuho upgraded United Parks & Resorts from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $27.00 to $47.00 in a research report on Friday, May 8th. Finally, Truist Financial boosted their target price on United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $47.20.

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.