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

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. 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 company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $61.18.

A number of research analysts have recently commented on PRKS shares. Barclays initiated coverage on shares of United Parks & Resorts in a research report on Friday, March 14th. They set an “equal weight” rating and a $50.00 target price on the stock. Macquarie dropped their price target on shares of 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. Guggenheim upped their price objective on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Mizuho raised their target price 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. Finally, Truist Financial cut their price target on United Parks & Resorts from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $45.53 on Wednesday. The firm 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 one year low of $44.10 and a one year 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.

Insider Transactions at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of the company’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 transaction of $342,691.20. Following the sale, the insider now directly owns 11,050 shares of the company’s stock, valued at approximately $540,345. This represents a 38.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of United Parks & Resorts

Several institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in United Parks & Resorts in the third quarter valued at approximately $32,000. R Squared Ltd acquired a new position in United Parks & Resorts during the 4th quarter valued at approximately $72,000. KBC Group NV boosted its position in United Parks & Resorts by 60.2% during the 4th quarter. KBC Group NV now owns 1,698 shares of the company’s stock valued at $95,000 after purchasing an additional 638 shares during the period. Steward Partners Investment Advisory LLC grew its stake in United Parks & Resorts by 267.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company’s stock worth $103,000 after buying an additional 1,339 shares during the last quarter. Finally, Schechter Investment Advisors LLC acquired a new stake in United Parks & Resorts in the fourth quarter worth $209,000.

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.