United Parks & Resorts (NYSE:PRKS) Now Covered by Analysts at UBS Group

Equities researchers at UBS Group started coverage on shares of United Parks & Resorts (NYSE:PRKS - Get Free Report) in a report released on Wednesday, Marketbeat Ratings reports. The brokerage set a "neutral" rating and a $49.00 price target on the stock. UBS Group's price target indicates a potential upside of 17.51% from the company's previous close.

PRKS has been the subject of several other research reports. Barclays initiated coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They issued an "equal weight" rating and a $50.00 target price for the company. Macquarie decreased their price objective on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Guggenheim boosted their target price on United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Truist Financial reduced their price target on United Parks & Resorts from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Finally, Mizuho boosted their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $58.50.

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United Parks & Resorts Stock Down 0.3 %

PRKS traded down $0.14 during trading on Wednesday, reaching $41.70. The company had a trading volume of 164,657 shares, compared to its average volume of 900,349. The business has a 50 day simple moving average of $48.63 and a 200-day simple moving average of $52.50. The stock has a market cap of $2.29 billion, a P/E ratio of 10.45 and a beta of 1.61. United Parks & Resorts has a 52 week low of $37.68 and a 52 week high of $60.83.

Insider Transactions at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the company'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 value of $342,691.20. Following the completion of the sale, the insider now owns 11,050 shares of the company's stock, valued at approximately $540,345. This represents a 38.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On United Parks & Resorts

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