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

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given an average recommendation of “Hold” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $61.18.

Several equities analysts have recently commented on the stock. Truist Financial dropped their target price on shares of United Parks & Resorts from $64.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Macquarie dropped their price objective on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Guggenheim lifted 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. Barclays initiated coverage on United Parks & Resorts in a report on Friday, March 14th. They set an “equal weight” rating and a $50.00 target price for the company. Finally, Mizuho lifted their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a report on Thursday, February 27th.

United Parks & Resorts Stock Performance

PRKS stock opened at $41.73 on Wednesday. The company has a market capitalization of $2.30 billion, a PE ratio of 10.46 and a beta of 1.61. United Parks & Resorts has a one year low of $40.78 and a one year high of $60.83. The company’s 50 day moving average price is $50.19 and its two-hundred day moving average price is $53.01.

Insider Activity

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

Hedge Funds Weigh In On United Parks & Resorts

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hill Path Capital LP acquired a new stake in United Parks & Resorts in the 3rd quarter valued at approximately $1,376,588,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of 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 buying an additional 599,043 shares in the last quarter. River Road Asset Management LLC raised its holdings in shares of United Parks & Resorts by 34.1% in the 4th quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company’s stock valued at $99,548,000 after buying an additional 450,670 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in United Parks & Resorts by 1.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company’s stock worth $81,609,000 after acquiring an additional 19,012 shares in the last quarter. Finally, Voss Capital LP boosted 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 acquiring an additional 5,838 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.