United Parks & Resorts Inc. (NYSE:PRKS) Receives Average Recommendation of “Hold” from Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $61.18.

A number of equities analysts recently issued reports on the company. Macquarie lowered their price target on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Guggenheim increased their price objective on 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 assumed coverage on United Parks & Resorts in a report on Friday, March 14th. They issued an “equal weight” rating and a $50.00 target price on the stock. Truist Financial decreased their price target on United Parks & Resorts from $64.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Finally, Mizuho lifted their price objective on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Thursday, February 27th.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $48.90, for a total transaction 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. The trade was a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hill Path Capital LP purchased a new position in United Parks & Resorts in the third quarter valued at approximately $1,376,588,000. Captrust Financial Advisors acquired a new stake in shares of United Parks & Resorts in the third quarter worth $478,000. The Manufacturers Life Insurance Company purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at $997,000. BNP Paribas Financial Markets acquired a new position in shares of United Parks & Resorts during the 3rd quarter valued at $2,849,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in United Parks & Resorts during the 3rd quarter worth $20,898,000.

United Parks & Resorts Stock Up 0.1 %

NYSE:PRKS opened at $45.53 on Wednesday. The company has a market capitalization of $2.51 billion, a PE ratio of 11.41 and a beta of 1.96. United Parks & Resorts has a 52-week low of $44.10 and a 52-week high of $60.83. The stock’s 50 day moving average price is $50.69 and its 200 day moving average price is $53.16.

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.