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

Equities research analysts at Barclays initiated coverage on shares of United Parks & Resorts (NYSE:PRKS - Get Free Report) in a research note issued on Friday, MarketBeat Ratings reports. The firm set an "equal weight" rating and a $50.00 price target on the stock. Barclays's price objective suggests a potential upside of 5.91% from the stock's current price.

PRKS has been the subject of a number of other reports. Macquarie reduced their target price 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 lifted their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Mizuho lifted their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research note 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $61.36.

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United Parks & Resorts Trading Down 3.5 %

NYSE PRKS traded down $1.71 during trading on Friday, reaching $47.21. The company's stock had a trading volume of 730,613 shares, compared to its average volume of 890,483. The stock has a market capitalization of $2.60 billion, a PE ratio of 11.83 and a beta of 1.96. The business has a 50-day moving average price of $52.16 and a 200-day moving average price of $53.39. United Parks & Resorts has a 1-year low of $44.72 and a 1-year high of $60.83.

Insider Activity at United Parks & Resorts

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

Hedge Funds Weigh In On United Parks & Resorts

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in United Parks & Resorts during the 3rd quarter valued at $32,000. KBC Group NV bought a new stake in United Parks & Resorts in the 3rd quarter valued at $54,000. Amalgamated Bank bought a new stake in United Parks & Resorts in the 3rd quarter valued at $65,000. R Squared Ltd bought a new stake in United Parks & Resorts in the 4th quarter valued at $72,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in United Parks & Resorts by 267.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after buying an additional 1,339 shares during the period.

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.