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

United Parks & Resorts Inc. (NYSE:PRKS) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $62.50.

PRKS has been the topic of a number of research reports. Guggenheim lifted their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Mizuho lifted their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Thursday, February 27th. Truist Financial increased their target price on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Macquarie lowered their target price on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the completion of the sale, the insider now directly owns 132,439 shares in the company, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in United Parks & Resorts by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company’s stock worth $2,976,000 after acquiring an additional 258 shares during the last quarter. LPL Financial LLC increased its holdings in shares of United Parks & Resorts by 7.0% in the 4th quarter. LPL Financial LLC now owns 5,316 shares of the company’s stock worth $299,000 after purchasing an additional 350 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts in the third quarter worth $32,000. KBC Group NV lifted its holdings in shares of United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company’s stock valued at $95,000 after purchasing an additional 638 shares in the last quarter. Finally, Cannon Global Investment Management LLC boosted its position in shares of United Parks & Resorts by 5.9% during the fourth quarter. Cannon Global Investment Management LLC now owns 13,235 shares of the company’s stock valued at $744,000 after buying an additional 735 shares during the last quarter.

United Parks & Resorts Trading Up 0.2 %

Shares of United Parks & Resorts stock opened at $49.51 on Friday. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.83. The company has a market cap of $2.72 billion, a P/E ratio of 12.41 and a beta of 1.99. The company’s fifty day simple moving average is $53.29 and its two-hundred day simple moving average is $53.38.

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.