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

Equities research analysts at Barclays initiated coverage on shares of United Parks & Resorts (NYSE:PRKS) in a research note issued to investors on Friday, Marketbeat 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 company’s previous close.

Several other brokerages have also commented on PRKS. Guggenheim boosted their price target 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. Macquarie decreased their price target on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, Mizuho boosted their price target on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.36.

United Parks & Resorts Price Performance

Shares of PRKS stock opened at $47.71 on Friday. The stock’s fifty day simple moving average is $52.35 and its 200 day simple moving average is $53.36. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 11.96 and a beta of 1.96. United Parks & Resorts has a one year low of $44.72 and a one year high of $60.83.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the business’s stock in a transaction on 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 in the company, valued at $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 SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in shares of United Parks & Resorts during the third quarter worth $32,000. KBC Group NV bought a new stake in shares of United Parks & Resorts during the third quarter worth $54,000. Amalgamated Bank bought a new stake in shares of United Parks & Resorts during the third quarter worth $65,000. R Squared Ltd acquired a new stake in shares of United Parks & Resorts during the fourth quarter worth $72,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of United Parks & Resorts by 267.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company’s stock worth $103,000 after purchasing an additional 1,339 shares during the period.

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.