United Parks & Resorts (NYSE:PRKS) Price Target Lowered to $62.00 at Truist Financial

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its target price cut by research analysts at Truist Financial from $64.00 to $62.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price objective points to a potential upside of 33.65% from the company's previous close.

Several other equities analysts have also recently issued reports on PRKS. Barclays began coverage on United Parks & Resorts in a research report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price target on the stock. Guggenheim boosted their target price on United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Macquarie decreased their price target on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Finally, Mizuho lifted their price objective on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $61.18.

United Parks & Resorts Stock Performance

United Parks & Resorts stock traded down $1.04 during midday trading on Tuesday, hitting $46.39. 695,418 shares of the company's stock were exchanged, compared to its average volume of 896,776. The firm's 50 day simple moving average is $50.97 and its 200 day simple moving average is $53.21. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.83. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 11.63 and a beta of 1.96.

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Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $48.90, for a total value 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 approximately $540,345. This trade represents a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors have recently modified their holdings of the company. Hill Path Capital LP acquired a new position in United Parks & Resorts during the third quarter worth $1,376,588,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of United Parks & Resorts by 15.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock valued at $255,575,000 after buying an additional 599,043 shares in the last quarter. Simcoe Capital Management LLC acquired a new position in shares of United Parks & Resorts during the 3rd quarter worth $110,983,000. River Road Asset Management LLC boosted its position in shares of United Parks & Resorts by 34.1% in the 4th quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock worth $99,548,000 after buying an additional 450,670 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of United Parks & Resorts by 1.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company's stock worth $81,609,000 after buying an additional 19,012 shares in 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.