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

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in United Parks & Resorts Inc. (NYSE:PRKS) during the fourth quarter, Holdings Channel reports. The fund purchased 5,715 shares of the company’s stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hill Path Capital LP purchased a new stake in United Parks & Resorts during the 3rd quarter worth approximately $1,376,588,000. Simcoe Capital Management LLC purchased a new stake in United Parks & Resorts during the 3rd quarter worth approximately $110,983,000. Goldentree Asset Management LP purchased a new stake in United Parks & Resorts during the 3rd quarter worth approximately $71,882,000. River Road Asset Management LLC purchased a new stake in United Parks & Resorts during the 3rd quarter worth approximately $66,841,000. Finally, HG Vora Capital Management LLC purchased a new stake in United Parks & Resorts during the 3rd quarter worth approximately $65,780,000.

Insider Activity

In other news, insider Christopher L. Finazzo sold 13,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were 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 in the company, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

United Parks & Resorts Trading Down 0.7 %

Shares of United Parks & Resorts stock opened at $54.23 on Friday. The company has a fifty day simple moving average of $54.18 and a 200-day simple moving average of $53.10. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.83. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 13.59 and a beta of 1.99.

Analyst Ratings Changes

Several brokerages recently weighed in on PRKS. Guggenheim cut their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Truist Financial boosted their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Mizuho reiterated an “underperform” rating and set a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, United Parks & Resorts has a consensus rating of “Moderate Buy” and an average target price of $62.60.

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.