United Parks & Resorts (NYSE:PRKS) Price Target Cut to $52.00 by Analysts at Truist Financial

United Parks & Resorts (NYSE:PRKS) had its price target cut by analysts at Truist Financial from $62.00 to $52.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 21.55% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. UBS Group assumed coverage on United Parks & Resorts in a report on Wednesday, April 9th. They issued a “neutral” rating and a $49.00 price objective for the company. Mizuho upped 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 report on Thursday, February 27th. 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 on the stock. Macquarie cut their price target on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Stifel Nicolaus reduced their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, United Parks & Resorts presently has an average rating of “Hold” and a consensus price target of $58.50.

United Parks & Resorts Trading Up 0.2 %

Shares of PRKS opened at $42.78 on Monday. The stock has a market capitalization of $2.35 billion, a PE ratio of 10.72 and a beta of 1.61. The firm’s 50 day moving average is $48.23 and its 200-day moving average is $52.37. United Parks & Resorts has a 12 month low of $37.68 and a 12 month high of $60.83.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the stock in a transaction dated Monday, March 10th. The stock was 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 in the company, valued at approximately $540,345. This trade represents a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of United Parks & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in PRKS. Public Employees Retirement System of Ohio bought a new position in United Parks & Resorts in the 3rd quarter valued at approximately $32,000. R Squared Ltd acquired a new position in United Parks & Resorts in the 4th quarter valued at approximately $72,000. KBC Group NV raised its stake in shares of United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company’s stock valued at $95,000 after acquiring an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of United Parks & Resorts by 267.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company’s stock worth $103,000 after purchasing an additional 1,339 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of United Parks & Resorts by 3,233.3% during the first quarter. GAMMA Investing LLC now owns 2,500 shares of the company’s stock worth $114,000 after purchasing an additional 2,425 shares during the period.

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.