Brokerages Set United Parks & Resorts Inc. (NYSE:PRKS) Price Target at $61.18

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been assigned an average recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $61.18.

PRKS has been the subject of several research analyst reports. Truist Financial cut their price objective on United Parks & Resorts from $64.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. 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 price target for the company. Mizuho lifted their price objective on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research note on Thursday, February 27th. Guggenheim increased 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, Macquarie decreased 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 research report on Thursday, March 6th.

United Parks & Resorts Price Performance

PRKS opened at $41.73 on Wednesday. The stock’s 50 day moving average price is $50.19 and its 200 day moving average price is $52.99. The stock has a market cap of $2.30 billion, a P/E ratio of 10.46 and a beta of 1.96. United Parks & Resorts has a 12 month low of $40.78 and a 12 month high of $60.83.

Insiders Place Their Bets

In related news, insider Byron Surrett sold 7,008 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 11,050 shares in the company, 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 is available through this link. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in United Parks & Resorts in the 3rd quarter valued at $32,000. R Squared Ltd acquired a new position in shares of United Parks & Resorts in the 4th quarter valued at $72,000. KBC Group NV lifted 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 buying an additional 638 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in United Parks & Resorts by 267.8% during the 4th 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 last quarter. Finally, Schechter Investment Advisors LLC bought a new position in shares of United Parks & Resorts during the fourth quarter worth $209,000.

About United Parks & Resorts

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.