Truist Financial Lowers United Parks & Resorts (NYSE:PRKS) Price Target to $52.00

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price target reduced by analysts at Truist Financial from $62.00 to $52.00 in a report released on Monday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Truist Financial's price target suggests a potential upside of 17.43% from the company's current price.

A number of other equities analysts also recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a report on Friday, April 11th. Barclays started coverage on United Parks & Resorts in a report on Friday, March 14th. They set an "equal weight" rating and a $50.00 price objective on the stock. UBS Group began coverage on United Parks & Resorts in a report on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price objective on the stock. Mizuho boosted 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. Finally, Macquarie cut their price target on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $58.50.

United Parks & Resorts Price Performance

Shares of PRKS stock traded up $1.31 during trading hours on Monday, hitting $44.28. The stock had a trading volume of 481,615 shares, compared to its average volume of 893,727. United Parks & Resorts has a twelve month low of $37.68 and a twelve month high of $60.83. The firm has a market capitalization of $2.44 billion, a PE ratio of 11.10 and a beta of 1.61. The stock's 50 day moving average is $47.87 and its 200 day moving average is $52.27.

Insider Activity at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction dated 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 transaction, the insider now directly owns 11,050 shares of the company's stock, valued at approximately $540,345. The trade was a 38.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On United Parks & Resorts

Large investors have recently bought and sold shares of the business. National Bank of Canada FI lifted its holdings in shares of United Parks & Resorts by 2,024,910.0% in the 4th quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock worth $22,757,000 after purchasing an additional 404,982 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of United Parks & Resorts by 0.9% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company's stock valued at $31,203,000 after acquiring an additional 4,919 shares during the period. Perpetual Ltd increased its holdings in shares of United Parks & Resorts by 37.8% in the 4th quarter. Perpetual Ltd now owns 459,150 shares of the company's stock worth $25,800,000 after acquiring an additional 125,912 shares during the period. Raymond James Financial Inc. acquired a new position in United Parks & Resorts during the 4th quarter valued at about $30,292,000. Finally, Geode Capital Management LLC acquired a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $37,472,000.

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.