United Parks & Resorts Inc. (NYSE:PRKS) Given Average Rating of “Moderate Buy” by Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $62.60.

A number of equities analysts have recently issued reports on the stock. Guggenheim lowered 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 report on Tuesday, November 12th. Mizuho reissued an “underperform” rating and set a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Macquarie reduced their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Finally, Truist Financial raised their price target on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

United Parks & Resorts Stock Down 1.5 %

Shares of NYSE PRKS opened at $52.13 on Tuesday. The business has a 50-day moving average price of $55.17 and a 200 day moving average price of $53.07. The stock has a market cap of $2.87 billion, a PE ratio of 13.07 and a beta of 1.99. United Parks & Resorts has a 52-week low of $44.72 and a 52-week high of $60.83.

Insider Buying and Selling

In other United Parks & Resorts news, insider James Mikolaichik acquired 34,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the purchase, the insider now directly owns 76,267 shares in the company, valued at approximately $4,369,336.43. This trade represents a 80.44 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher L. Finazzo sold 13,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was 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 directly owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

Large investors have recently bought and sold shares of the stock. Hill Path Capital LP purchased a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $1,376,588,000. Simcoe Capital Management LLC purchased a new stake in United Parks & Resorts during the third quarter worth approximately $110,983,000. Goldentree Asset Management LP purchased a new stake in United Parks & Resorts during the third quarter worth approximately $71,882,000. River Road Asset Management LLC acquired a new stake in shares of United Parks & Resorts in the third quarter worth $66,841,000. Finally, HG Vora Capital Management LLC purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at $65,780,000.

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.