Barclays Begins Coverage on United Parks & Resorts (NYSE:PRKS)

Equities research analysts at Barclays assumed coverage on shares of United Parks & Resorts (NYSE:PRKS) in a note issued to investors on Friday, Marketbeat Ratings reports. The firm set an “equal weight” rating and a $50.00 price target on the stock. Barclays‘s price objective suggests a potential upside of 4.79% from the stock’s previous close.

A number of other research firms also recently weighed in on PRKS. Guggenheim raised their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Mizuho raised their price target on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research note on Thursday, February 27th. Finally, Macquarie cut their price target on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, United Parks & Resorts currently has an average rating of “Hold” and an average price target of $61.36.

United Parks & Resorts Price Performance

PRKS opened at $47.71 on Friday. United Parks & Resorts has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The business has a 50-day moving average of $52.35 and a 200-day moving average of $53.36. The company has a market capitalization of $2.63 billion, a PE ratio of 11.96 and a beta of 1.96.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the sale, the insider now owns 11,050 shares of the company’s stock, valued at $540,345. This trade represents a 38.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.10% of the company’s stock.

Institutional Trading of United Parks & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew 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 valued at $2,976,000 after buying an additional 258 shares during the last quarter. LPL Financial LLC grew its holdings in shares of United Parks & Resorts by 7.0% during 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 acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $32,000. KBC Group NV grew its holdings in shares of United Parks & Resorts by 60.2% during the 4th quarter. KBC Group NV now owns 1,698 shares of the company’s stock worth $95,000 after purchasing an additional 638 shares in the last quarter. Finally, Cannon Global Investment Management LLC grew its holdings in shares of United Parks & Resorts by 5.9% during the 4th quarter. Cannon Global Investment Management LLC now owns 13,235 shares of the company’s stock worth $744,000 after purchasing an additional 735 shares in the last quarter.

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.