United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Rating of “Hold” from Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given an average rating of “Hold” by the twelve research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $58.50.

A number of brokerages have issued reports on PRKS. Macquarie reduced their price objective on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Barclays initiated coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Guggenheim upped their target price 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. Truist Financial lowered their price target on United Parks & Resorts from $62.00 to $52.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, UBS Group started coverage on United Parks & Resorts in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $49.00 price objective on the stock.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company’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 sale, the insider now owns 11,050 shares in the company, valued at approximately $540,345. The trade was a 38.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in United Parks & Resorts by 15.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company’s stock worth $255,575,000 after purchasing an additional 599,043 shares during the last quarter. River Road Asset Management LLC raised its stake in 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 buying an additional 450,670 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in United Parks & Resorts by 1.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company’s stock valued at $81,609,000 after buying an additional 19,012 shares during the period. Voss Capital LP boosted its position in United Parks & Resorts by 0.4% during the fourth quarter. Voss Capital LP now owns 1,447,500 shares of the company’s stock valued at $81,335,000 after acquiring an additional 5,838 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in United Parks & Resorts by 62.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company’s stock worth $59,282,000 after acquiring an additional 404,120 shares during the period.

United Parks & Resorts Stock Performance

PRKS opened at $46.00 on Friday. United Parks & Resorts has a 52-week low of $37.68 and a 52-week high of $60.83. The firm has a market cap of $2.53 billion, a P/E ratio of 11.53 and a beta of 1.61. The business’s fifty day moving average is $45.89 and its 200-day moving average is $51.83.

United Parks & Resorts Company Profile

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.