United Parks & Resorts Inc. (NYSE:PRKS) Receives $58.50 Consensus Target Price from Brokerages

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) has received a consensus rating of "Hold" from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $58.50.

Several research analysts have recently issued reports on PRKS shares. Macquarie cut their price target on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Mizuho upped their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research report on Thursday, February 27th. UBS Group began coverage on United Parks & Resorts in a research report on Wednesday, April 9th. They set a "neutral" rating and a $49.00 price objective for the company. Truist Financial reduced their target price on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Guggenheim boosted their price objective on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, February 27th.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the 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 completion of the sale, the insider now owns 11,050 shares of the company's stock, valued at $540,345. This represents a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Parks & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in PRKS. Barrow Hanley Mewhinney & Strauss LLC raised its position in United Parks & Resorts by 15.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock valued at $255,575,000 after purchasing an additional 599,043 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of United Parks & Resorts during the 4th quarter valued at about $30,292,000. River Road Asset Management LLC lifted its position in United Parks & Resorts by 34.1% during the 4th quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock worth $99,548,000 after acquiring an additional 450,670 shares in the last quarter. National Bank of Canada FI boosted its holdings in 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 acquiring an additional 404,982 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in United Parks & Resorts by 62.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company's stock valued at $59,282,000 after acquiring an additional 404,120 shares in the last quarter.

United Parks & Resorts Trading Up 2.9 %

Shares of NYSE:PRKS traded up $1.26 during trading on Friday, hitting $44.91. 1,318,362 shares of the stock were exchanged, compared to its average volume of 897,697. United Parks & Resorts has a 12-month low of $37.68 and a 12-month high of $60.83. The company has a market cap of $2.47 billion, a PE ratio of 11.26 and a beta of 1.61. The company has a fifty day moving average price of $46.05 and a two-hundred day moving average price of $51.87.

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.