Public Sector Pension Investment Board Takes Position in United Parks & Resorts Inc. $PRKS

Public Sector Pension Investment Board bought a new position in United Parks & Resorts Inc. (NYSE:PRKS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 107,315 shares of the company’s stock, valued at approximately $5,548,000. Public Sector Pension Investment Board owned about 0.20% of United Parks & Resorts as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PRKS. Campbell & CO Investment Adviser LLC acquired a new position in shares of United Parks & Resorts during the 2nd quarter worth about $1,533,000. Norges Bank acquired a new position in shares of United Parks & Resorts during the second quarter worth approximately $12,019,000. Principal Financial Group Inc. bought a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $6,876,000. State of Alaska Department of Revenue acquired a new stake in shares of United Parks & Resorts in the third quarter worth $865,000. Finally, Voss Capital LP grew its stake in shares of United Parks & Resorts by 3.7% in the second quarter. Voss Capital LP now owns 1,965,000 shares of the company’s stock worth $92,650,000 after acquiring an additional 69,576 shares during the last quarter.

United Parks & Resorts Stock Up 2.2%

NYSE PRKS opened at $35.54 on Thursday. United Parks & Resorts Inc. has a twelve month low of $29.62 and a twelve month high of $58.51. The stock has a market cap of $1.94 billion, a P/E ratio of 10.87, a PEG ratio of 2.32 and a beta of 1.27. The company’s 50-day simple moving average is $36.42 and its 200 day simple moving average is $43.16.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 7,200 shares of the business’s stock in a transaction 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 sale, the insider owned 138,285 shares of the company’s stock, valued at $4,856,569.20. The trade was a 4.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PRKS shares. The Goldman Sachs Group cut their target price on shares of United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. JPMorgan Chase & Co. cut their price objective on shares of 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. Citigroup decreased their target price on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Truist Financial cut their price target on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, December 4th. Finally, Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $49.36.

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.