United Parks & Resorts Inc. (NYSE:PRKS) Receives $61.18 Consensus Target Price from Analysts

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) has been assigned a consensus rating of "Hold" from the eleven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $61.18.

A number of equities analysts recently commented on PRKS shares. Barclays assumed coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They issued an "equal weight" rating and a $50.00 price objective for the company. Guggenheim boosted their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Mizuho upped their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a research note on Thursday, February 27th. 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. Finally, Truist Financial decreased their price target on shares of United Parks & Resorts from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th.

United Parks & Resorts Price Performance

NYSE PRKS traded down $1.13 during trading on Wednesday, reaching $41.73. 1,150,433 shares of the company's stock traded hands, compared to its average volume of 897,142. United Parks & Resorts has a 12-month low of $40.78 and a 12-month high of $60.83. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 10.46 and a beta of 1.96. The company's 50 day simple moving average is $50.19 and its two-hundred day simple moving average is $53.01.

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Insiders Place Their Bets

In other United Parks & Resorts 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 approximately $540,345. This trade represents a 38.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Institutional Trading of United Parks & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in United Parks & Resorts during the third quarter valued at $32,000. R Squared Ltd acquired a new position in shares of United Parks & Resorts in the 4th quarter valued at about $72,000. KBC Group NV boosted its stake in shares of United Parks & Resorts by 60.2% in the fourth quarter. KBC Group NV now owns 1,698 shares of the company's stock worth $95,000 after buying an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in United Parks & Resorts by 267.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock worth $103,000 after acquiring an additional 1,339 shares during the period. Finally, Schechter Investment Advisors LLC acquired a new stake in United Parks & Resorts during the fourth quarter worth about $209,000.

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.