Macquarie Cuts United Parks & Resorts (NYSE:PRKS) Price Target to $65.00

United Parks & Resorts (NYSE:PRKS) had its target price decreased by analysts at Macquarie from $70.00 to $65.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Macquarie’s target price indicates a potential upside of 32.27% from the company’s previous close.

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

United Parks & Resorts Stock Performance

Shares of NYSE PRKS traded down $0.51 during midday trading on Thursday, reaching $49.14. 271,964 shares of the company’s stock were exchanged, compared to its average volume of 878,190. United Parks & Resorts has a 52-week low of $44.72 and a 52-week high of $60.83. The business’s fifty day moving average price is $53.53 and its two-hundred day moving average price is $53.41. The stock has a market capitalization of $2.70 billion, a PE ratio of 12.32 and a beta of 1.99.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new stake in United Parks & Resorts in the third quarter worth approximately $99,000. QRG Capital Management Inc. bought a new position in United Parks & Resorts during the third quarter valued at about $205,000. Amalgamated Bank acquired a new position in United Parks & Resorts during the third quarter worth about $65,000. Supplemental Annuity Collective Trust of NJ acquired a new stake in United Parks & Resorts in the 3rd quarter valued at about $202,000. Finally, Entropy Technologies LP bought a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $832,000.

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.