Byron Surrett Sells 7,008 Shares of United Parks & Resorts Inc. (NYSE:PRKS) Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Byron Surrett sold 7,008 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of the sale, the insider now owns 11,050 shares in the company, valued at $540,345. This 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 link.

United Parks & Resorts Price Performance

Shares of PRKS stock opened at $46.87 on Thursday. United Parks & Resorts Inc. has a 1 year low of $44.72 and a 1 year high of $60.83. The firm has a fifty day moving average price of $52.79 and a 200-day moving average price of $53.40. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 11.75 and a beta of 1.96.

Analyst Upgrades and Downgrades

PRKS has been the topic of several research reports. Guggenheim raised their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Mizuho raised their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a report on Thursday, February 27th. Finally, Macquarie dropped their target price on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. One investment 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.50.

Institutional Investors Weigh In On United Parks & Resorts

A number of hedge funds have recently modified their holdings of the business. Hill Path Capital LP bought a new position in United Parks & Resorts in the 3rd quarter worth $1,376,588,000. Simcoe Capital Management LLC bought a new position in United Parks & Resorts in the 3rd quarter worth $110,983,000. Goldentree Asset Management LP bought a new position in United Parks & Resorts in the 3rd quarter worth $71,882,000. HG Vora Capital Management LLC bought a new position in United Parks & Resorts in the 3rd quarter worth $65,780,000. Finally, State Street Corp bought a new position in United Parks & Resorts in the 3rd quarter worth $42,787,000.

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.