502,896 Shares in United Parks & Resorts Inc. $PRKS Acquired by CIBC Bancorp USA Inc.

CIBC Bancorp USA Inc. bought a new stake in United Parks & Resorts Inc. (NYSE:PRKS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 502,896 shares of the company’s stock, valued at approximately $26,000,000. CIBC Bancorp USA Inc. owned approximately 0.92% of United Parks & Resorts as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. CWM LLC boosted its stake in United Parks & Resorts by 74.3% in the 3rd quarter. CWM LLC now owns 495 shares of the company’s stock worth $26,000 after buying an additional 211 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of United Parks & Resorts by 114.0% during the 3rd quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock valued at $28,000 after acquiring an additional 293 shares during the last quarter. Quarry LP acquired a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $28,000. Neo Ivy Capital Management purchased a new position in shares of United Parks & Resorts during the 2nd quarter worth about $123,000. Finally, Pacer Advisors Inc. purchased a new position in shares of United Parks & Resorts during the 3rd quarter worth about $154,000.

United Parks & Resorts Stock Performance

Shares of NYSE:PRKS opened at $32.01 on Thursday. The stock has a 50-day simple moving average of $35.61 and a 200-day simple moving average of $40.78. The stock has a market capitalization of $1.56 billion, a P/E ratio of 10.50, a PEG ratio of 2.28 and a beta of 1.18. United Parks & Resorts Inc. has a 1 year low of $29.62 and a 1 year high of $56.95.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.18). The business had revenue of $373.55 million during the quarter, compared to analysts’ expectations of $375.87 million. United Parks & Resorts had a net margin of 10.13% and a negative return on equity of 41.63%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 EPS. Analysts predict that United Parks & Resorts Inc. will post 3.95 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Truist Financial lowered their target price on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Monday, December 29th. Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Mizuho lowered their price objective on shares of United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating for the company in a research note on Monday, March 2nd. Finally, Citigroup dropped their price objective on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.40.

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.