United Parks & Resorts (NYSE:PRKS) Given New $65.00 Price Target at Macquarie

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price target reduced by investment analysts at Macquarie from $70.00 to $65.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Macquarie's price target indicates a potential upside of 32.51% from the company's current price.

Several other equities research analysts have also recently commented on the stock. Mizuho boosted 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. Truist Financial upped their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Guggenheim upped their price target on shares of 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 given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $62.50.

United Parks & Resorts Trading Down 0.6 %

Shares of NYSE:PRKS traded down $0.31 during mid-day trading on Thursday, reaching $49.05. The stock had a trading volume of 879,724 shares, compared to its average volume of 886,815. The firm has a 50 day simple moving average of $53.29 and a two-hundred day simple moving average of $53.45. United Parks & Resorts has a twelve month low of $44.72 and a twelve month high of $60.83. The firm has a market cap of $2.70 billion, a PE ratio of 12.29 and a beta of 1.96.

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Insider Transactions at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 13,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the completion of the transaction, the insider now directly owns 132,439 shares in the company, valued at $7,366,257.18. This represents a 8.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in United Parks & Resorts in the 3rd quarter worth about $32,000. KBC Group NV acquired a new position in shares of United Parks & Resorts in the third quarter valued at approximately $54,000. Amalgamated Bank bought a new position in United Parks & Resorts in the 3rd quarter valued at approximately $65,000. R Squared Ltd acquired a new stake in United Parks & Resorts during the 4th quarter worth approximately $72,000. Finally, Nisa Investment Advisors LLC bought a new stake in United Parks & Resorts during the 3rd quarter worth approximately $99,000.

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.