United Parks & Resorts (NYSE:PRKS) Given New $65.00 Price Target at Macquarie

United Parks & Resorts (NYSE:PRKS) had its target price reduced by research analysts at Macquarie from $70.00 to $65.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Macquarie’s price target indicates a potential upside of 31.28% from the stock’s current price.

PRKS has been the subject of a number of other research reports. Mizuho increased their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a report on Thursday, February 27th. Truist Financial raised their price target on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Guggenheim raised 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.50.

United Parks & Resorts Trading Up 0.2 %

NYSE PRKS opened at $49.51 on Thursday. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 12.41 and a beta of 1.99. United Parks & Resorts has a twelve month low of $44.72 and a twelve month high of $60.83. The stock has a 50-day moving average of $53.29 and a 200 day moving average of $53.38.

Insiders Place Their Bets

In related news, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the sale, the insider now directly owns 132,439 shares in the company, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of United Parks & Resorts

Several large investors have recently added to or reduced their stakes in PRKS. Public Employees Retirement System of Ohio acquired a new stake in United Parks & Resorts in the 3rd quarter valued at $32,000. KBC Group NV acquired a new stake in shares of United Parks & Resorts during the third quarter valued at about $54,000. Amalgamated Bank acquired a new stake in shares of United Parks & Resorts during the third quarter valued at about $65,000. R Squared Ltd acquired a new stake in shares of United Parks & Resorts during the fourth quarter valued at about $72,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of United Parks & Resorts during the third quarter valued at about $99,000.

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.