United Parks & Resorts Inc. (NYSE:PRKS) Receives $62.50 Average PT from Analysts

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) has earned an average rating of "Moderate Buy" from the ten ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $62.50.

PRKS has been the topic of a number of research analyst reports. Mizuho lifted their target price on United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a report on Thursday, February 27th. Macquarie reduced their target price 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, Guggenheim boosted their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, February 27th.

Insider Activity at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the stock in a transaction 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 transaction, the insider now owns 11,050 shares in the company, valued at $540,345. This represents a 38.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher L. Finazzo sold 13,000 shares of the firm's stock in a transaction 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 transaction, the insider now owns 132,439 shares in the company, valued at $7,366,257.18. This represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

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Hedge Funds Weigh In On United Parks & Resorts

Hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of United Parks & Resorts in the third quarter worth about $32,000. KBC Group NV acquired a new stake in United Parks & Resorts in the 3rd quarter worth approximately $54,000. Amalgamated Bank bought a new stake in United Parks & Resorts during the third quarter worth approximately $65,000. R Squared Ltd acquired a new position in United Parks & Resorts during the fourth quarter valued at approximately $72,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of United Parks & Resorts by 267.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after purchasing an additional 1,339 shares during the period.

United Parks & Resorts Stock Performance

Shares of PRKS stock traded down $1.73 during mid-day trading on Friday, hitting $47.27. 1,036,497 shares of the stock traded hands, compared to its average volume of 887,346. United Parks & Resorts has a twelve month low of $44.72 and a twelve month high of $60.83. The company's 50-day simple moving average is $53.15 and its 200-day simple moving average is $53.45. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 11.85 and a beta of 1.96.

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.