United Parks & Resorts Inc. (NYSE:PRKS) Given Average Rating of “Hold” by Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has earned an average recommendation of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $61.36.

Several analysts have recently commented on PRKS shares. Barclays assumed coverage on shares of United Parks & Resorts in a report on Friday. They issued an “equal weight” rating and a $50.00 target price for the company. Guggenheim lifted their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Mizuho boosted their target price on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research note on Thursday, February 27th. Finally, Macquarie decreased their price target on 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.

United Parks & Resorts Trading Up 4.5 %

Shares of NYSE:PRKS opened at $47.71 on Friday. The stock has a market cap of $2.63 billion, a PE ratio of 11.96 and a beta of 1.96. The stock’s fifty day simple moving average is $52.35 and its two-hundred day simple moving average is $53.33. United Parks & Resorts has a 1-year low of $44.72 and a 1-year high of $60.83.

Insider Buying and Selling at United Parks & Resorts

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

Hedge Funds Weigh In On United Parks & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hill Path Capital LP purchased a new stake in shares of United Parks & Resorts during the 3rd quarter valued at approximately $1,376,588,000. Eagle Asset Management Inc. bought a new stake in United Parks & Resorts during the 3rd quarter valued at $21,959,000. Quest Partners LLC bought a new stake in United Parks & Resorts during the 3rd quarter valued at $448,000. Goldentree Asset Management LP purchased a new stake in shares of United Parks & Resorts during the third quarter worth $71,882,000. Finally, Simcoe Capital Management LLC bought a new position in shares of United Parks & Resorts in the third quarter worth $110,983,000.

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.