United Parks & Resorts (NYSE:PRKS) Price Target Lowered to $62.00 at Truist Financial

United Parks & Resorts (NYSE:PRKS) had its price objective cut by Truist Financial from $64.00 to $62.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts also recently issued reports on the stock. Mizuho upped their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research report on Thursday, February 27th. Guggenheim upped their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Barclays began coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, Macquarie dropped their price objective on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research report 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.18.

United Parks & Resorts Stock Performance

Shares of PRKS opened at $48.41 on Tuesday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 12.13 and a beta of 1.96. The stock has a fifty day moving average price of $51.29 and a two-hundred day moving average price of $53.29. United Parks & Resorts has a 52-week low of $44.72 and a 52-week high of $60.83.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $48.90, for a total value of $342,691.20. Following the completion of the sale, the insider now owns 11,050 shares of the company’s stock, valued at approximately $540,345. This represents a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in PRKS. Hill Path Capital LP acquired a new stake in United Parks & Resorts during the 3rd quarter worth $1,376,588,000. Simcoe Capital Management LLC acquired a new stake in shares of United Parks & Resorts during the third quarter worth about $110,983,000. Goldentree Asset Management LP bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $71,882,000. HG Vora Capital Management LLC bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $65,780,000. Finally, State Street Corp acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at approximately $42,787,000.

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.