United Parks & Resorts (NYSE:PRKS) Price Target Cut to $60.00 by Analysts at Stifel Nicolaus

United Parks & Resorts (NYSE:PRKS - Free Report) had its price target reduced by Stifel Nicolaus from $74.00 to $60.00 in a research report sent to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Truist Financial dropped their price target on shares of United Parks & Resorts from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Guggenheim increased their price objective 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. Macquarie decreased their target price 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. UBS Group initiated coverage on shares of United Parks & Resorts in a report on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price target for the company. Finally, Barclays began coverage on shares of 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $58.50.

United Parks & Resorts Stock Down 0.3 %

NYSE:PRKS traded down $0.14 during midday trading on Friday, reaching $42.59. The stock had a trading volume of 192,859 shares, compared to its average volume of 894,710. The stock has a market cap of $2.34 billion, a P/E ratio of 10.67 and a beta of 1.61. The firm has a fifty day simple moving average of $48.23 and a two-hundred day simple moving average of $52.37. United Parks & Resorts has a 12-month low of $37.68 and a 12-month high of $60.83.

Insiders Place Their Bets

In other news, insider Byron Surrett sold 7,008 shares of the firm's 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 transaction, the insider now directly owns 11,050 shares in the company, valued at $540,345. This trade represents a 38.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Parks & Resorts

Several large investors have recently made changes to their positions in PRKS. Captrust Financial Advisors acquired a new position in shares of United Parks & Resorts during the third quarter worth about $478,000. The Manufacturers Life Insurance Company acquired a new stake in United Parks & Resorts in the third quarter valued at approximately $997,000. National Bank of Canada FI raised its stake in shares of United Parks & Resorts by 2,024,910.0% during the fourth quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock valued at $22,757,000 after purchasing an additional 404,982 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its position 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 worth $31,203,000 after purchasing an additional 4,919 shares in the last quarter. Finally, Perpetual Ltd boosted its stake in shares of United Parks & Resorts by 37.8% in the fourth quarter. Perpetual Ltd now owns 459,150 shares of the company's stock valued at $25,800,000 after purchasing an additional 125,912 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.