United Parks & Resorts (NYSE:PRKS) Given New $52.00 Price Target at Truist Financial

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price target reduced by stock analysts at Truist Financial from $62.00 to $52.00 in a note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has a "buy" rating on the stock. Truist Financial's target price suggests a potential upside of 17.43% from the stock's current price.

Several other research firms have also recently commented on PRKS. Macquarie dropped their target price on shares of United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Mizuho increased their target price on United Parks & Resorts from $43.00 to $45.00 and gave the stock an "underperform" rating in a research report on Thursday, February 27th. Guggenheim upped their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Stifel Nicolaus dropped their target price on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Barclays began coverage on shares of United Parks & Resorts in a research report on Friday, March 14th. They set an "equal weight" rating and a $50.00 price target for the company. One 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $58.50.

United Parks & Resorts Stock Up 3.1 %

NYSE:PRKS traded up $1.31 during midday trading on Monday, hitting $44.28. The company had a trading volume of 481,615 shares, compared to its average volume of 894,228. The stock's fifty day moving average price is $47.72 and its 200-day moving average price is $52.23. United Parks & Resorts has a 52-week low of $37.68 and a 52-week high of $60.83. The company has a market capitalization of $2.44 billion, a PE ratio of 11.10 and a beta of 1.61.

Insider Buying and Selling

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of United Parks & Resorts

Several hedge funds have recently bought and sold shares of PRKS. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in United Parks & Resorts by 15.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock worth $255,575,000 after buying an additional 599,043 shares during the period. River Road Asset Management LLC grew its position in shares of United Parks & Resorts by 34.1% during the fourth quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company's stock worth $99,548,000 after purchasing an additional 450,670 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in United Parks & Resorts by 1.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company's stock worth $81,609,000 after purchasing an additional 19,012 shares during the period. Voss Capital LP grew its holdings in United Parks & Resorts by 0.4% during the 4th quarter. Voss Capital LP now owns 1,447,500 shares of the company's stock valued at $81,335,000 after buying an additional 5,838 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of United Parks & Resorts by 62.1% during 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 buying an additional 404,120 shares during the last quarter.

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.