Analysts Set United Parks & Resorts Inc. (NYSE:PRKS) Target Price at $62.60

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $62.60.

PRKS has been the topic of a number of recent analyst reports. Mizuho reiterated an "underperform" rating and issued a $43.00 price objective (down from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. Guggenheim decreased their price objective on shares of 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 lifted their target price on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Macquarie decreased their price target on shares of United Parks & Resorts from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Friday, October 18th.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS traded down $0.27 during trading hours on Tuesday, hitting $51.77. The company's stock had a trading volume of 561,268 shares, compared to its average volume of 830,784. 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 $2.85 billion, a price-to-earnings ratio of 12.97 and a beta of 1.99. The business has a 50-day simple moving average of $55.01 and a 200-day simple moving average of $53.05.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the sale, the insider now directly owns 132,439 shares of the company's stock, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James Mikolaichik purchased 34,000 shares of United Parks & Resorts stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $57.29 per share, with a total value of $1,947,860.00. Following the completion of the acquisition, the insider now directly owns 76,267 shares of the company's stock, valued at approximately $4,369,336.43. This represents a 80.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PRKS. Exchange Traded Concepts LLC purchased a new position in United Parks & Resorts in the 3rd quarter worth about $28,000. Blue Trust Inc. purchased a new position in shares of United Parks & Resorts during the third quarter valued at approximately $30,000. Public Employees Retirement System of Ohio bought a new position in United Parks & Resorts during the third quarter valued at approximately $32,000. KBC Group NV purchased a new stake in United Parks & Resorts in the third quarter worth approximately $54,000. Finally, Amalgamated Bank bought a new stake in United Parks & Resorts in the 3rd quarter worth approximately $65,000.

About United Parks & Resorts

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.