United Parks & Resorts (NYSE:PRKS) Given New $65.00 Price Target at Macquarie

United Parks & Resorts (NYSE:PRKS) had its target price cut by Macquarie from $70.00 to $65.00 in a report released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently issued reports on PRKS. Truist Financial lifted their price objective on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Mizuho boosted their price target on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research note on Thursday, February 27th. Finally, Guggenheim increased their price objective on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, United Parks & Resorts presently has an average rating of “Moderate Buy” and an average target price of $62.50.

United Parks & Resorts Stock Down 0.6 %

Shares of NYSE:PRKS opened at $49.37 on Thursday. The firm has a fifty day moving average of $53.41 and a two-hundred day moving average of $53.38. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.83. The firm has a market capitalization of $2.72 billion, a P/E ratio of 12.37 and a beta of 1.99.

Insider Activity

In other news, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the transaction, the insider now directly owns 132,439 shares in the company, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On United Parks & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of PRKS. Hill Path Capital LP acquired a new position in United Parks & Resorts during the 3rd quarter valued at $1,376,588,000. Simcoe Capital Management LLC acquired a new position in shares of United Parks & Resorts during the third quarter valued at about $110,983,000. Goldentree Asset Management LP acquired a new position in shares of United Parks & Resorts during the third quarter valued at about $71,882,000. HG Vora Capital Management LLC bought a new stake in shares of United Parks & Resorts in the third quarter valued at about $65,780,000. Finally, State Street Corp acquired a new stake in United Parks & Resorts during the third quarter worth about $42,787,000.

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.