United Parks & Resorts (NYSE:PRKS) Price Target Lowered to $60.00 at Stifel Nicolaus

United Parks & Resorts (NYSE:PRKS - Free Report) had its target price cut by Stifel Nicolaus from $74.00 to $60.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Truist Financial cut their target price on shares of United Parks & Resorts from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Mizuho lifted their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a report on Thursday, February 27th. Barclays initiated coverage on United Parks & Resorts in a research note on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price target on the stock. Guggenheim lifted their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Macquarie cut their target price 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $58.50.

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United Parks & Resorts Price Performance

Shares of PRKS stock traded up $0.10 on Friday, reaching $42.78. 481,631 shares of the stock were exchanged, compared to its average volume of 941,064. United Parks & Resorts has a one year low of $37.68 and a one year high of $60.83. The stock has a market cap of $2.35 billion, a PE ratio of 10.72 and a beta of 1.61. The stock has a 50 day moving average price of $48.44 and a 200 day moving average price of $52.44.

Insider Buying and Selling

In other news, insider Byron Surrett sold 7,008 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of the transaction, the insider now directly owns 11,050 shares of the company's stock, valued at $540,345. This trade represents a 38.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PRKS. Envestnet Asset Management Inc. raised its stake in United Parks & Resorts by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock valued at $2,976,000 after buying an additional 258 shares during the period. LPL Financial LLC raised its stake in United Parks & Resorts by 7.0% in the 4th quarter. LPL Financial LLC now owns 5,316 shares of the company's stock valued at $299,000 after acquiring an additional 350 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in United Parks & Resorts during the 3rd quarter valued at $32,000. KBC Group NV boosted its position in United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company's stock worth $95,000 after purchasing an additional 638 shares during the period. Finally, Cannon Global Investment Management LLC increased its holdings in shares of United Parks & Resorts by 5.9% in the fourth quarter. Cannon Global Investment Management LLC now owns 13,235 shares of the company's stock valued at $744,000 after purchasing an additional 735 shares during the last quarter.

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.