United Parks & Resorts (NYSE:PRKS) Now Covered by Analysts at Barclays

Barclays assumed coverage on shares of United Parks & Resorts (NYSE:PRKS) in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $50.00 target price on the stock.

Several other brokerages have also recently commented on PRKS. Guggenheim boosted their target price on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Macquarie decreased their price target on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Mizuho lifted 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, United Parks & Resorts has a consensus rating of “Hold” and an average target price of $61.36.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS opened at $47.71 on Friday. United Parks & Resorts has a 12 month low of $44.72 and a 12 month high of $60.83. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 11.96 and a beta of 1.96. The stock’s 50 day moving average price is $52.35 and its 200 day moving average price is $53.33.

Insider Activity

In other news, insider Byron Surrett sold 7,008 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the transaction, the insider now directly owns 11,050 shares in the company, valued at $540,345. The trade was a 38.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Parks & Resorts

Several institutional investors and hedge funds have recently modified their holdings of PRKS. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts during the 3rd quarter valued at $32,000. KBC Group NV acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $54,000. Amalgamated Bank acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $65,000. R Squared Ltd acquired a new stake in shares of United Parks & Resorts in the 4th quarter valued at $72,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of United Parks & Resorts by 267.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company’s stock valued at $103,000 after purchasing an additional 1,339 shares during the last quarter.

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.