Macquarie Issues Pessimistic Forecast for United Parks & Resorts (NYSE:PRKS) Stock Price

United Parks & Resorts (NYSE:PRKS) had its target price dropped by research analysts at Macquarie from $70.00 to $65.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Macquarie’s target price points to a potential upside of 31.28% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Truist Financial raised their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Mizuho lifted their price target 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. Finally, Guggenheim raised their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, United Parks & Resorts has a consensus rating of “Moderate Buy” and an average target price of $62.50.

United Parks & Resorts Stock Up 0.2 %

PRKS stock opened at $49.51 on Thursday. The company has a market cap of $2.72 billion, a PE ratio of 12.41 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. The business has a 50-day simple moving average of $53.29 and a 200 day simple moving average of $53.38.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the transaction, the insider now owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PRKS. Hill Path Capital LP purchased a new position in United Parks & Resorts during the 3rd quarter valued at approximately $1,376,588,000. Eagle Asset Management Inc. bought a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $21,959,000. Quest Partners LLC bought a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $448,000. Goldentree Asset Management LP bought a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $71,882,000. Finally, Simcoe Capital Management LLC bought a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $110,983,000.

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.