United Parks & Resorts (NYSE:PRKS) Stock Price Expected to Rise, Mizuho Analyst Says

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price target upped by analysts at Mizuho from $43.00 to $45.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "underperform" rating on the stock. Mizuho's target price indicates a potential downside of 11.42% from the stock's current price.

Other research analysts also recently issued reports about the company. Guggenheim cut their price target on United Parks & Resorts from $72.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Truist Financial increased their target price on United Parks & Resorts from $60.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $63.00.

United Parks & Resorts Stock Up 0.6 %

Shares of PRKS traded up $0.30 during trading hours on Thursday, reaching $50.80. 730,952 shares of the company traded hands, compared to its average volume of 922,192. The stock has a market capitalization of $2.79 billion, a PE ratio of 12.73 and a beta of 1.99. The stock has a fifty day simple moving average of $53.81 and a 200 day simple moving average of $53.42. United Parks & Resorts has a fifty-two week low of $44.72 and a fifty-two week high of $60.83.

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Insider Buying and Selling

In related news, insider Christopher L. Finazzo sold 13,000 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the sale, the insider now owns 132,439 shares of the company's stock, valued at $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On United Parks & Resorts

Large investors have recently made changes to their positions in the business. Blue Trust Inc. acquired a new stake in United Parks & Resorts during the 3rd quarter worth about $30,000. Public Employees Retirement System of Ohio bought a new position in United Parks & Resorts in the 3rd quarter worth approximately $32,000. KBC Group NV acquired a new position in United Parks & Resorts during the 3rd quarter valued at $54,000. Amalgamated Bank bought a new stake in shares of United Parks & Resorts in the third quarter valued at about $65,000. Finally, R Squared Ltd acquired a new position in shares of United Parks & Resorts in the fourth quarter valued at $72,000.

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.