United Parks & Resorts (NYSE:PRKS) Stock Price Expected to Rise, Guggenheim Analyst Says

United Parks & Resorts (NYSE:PRKS) had its price objective lifted by stock analysts at Guggenheim from $70.00 to $72.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s price objective would suggest a potential upside of 42.72% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial lifted their price objective on shares of 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 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.00.

United Parks & Resorts Trading Up 1.8 %

NYSE:PRKS opened at $50.45 on Thursday. The stock has a 50-day moving average price of $53.88 and a 200 day moving average price of $53.31. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.83. The stock has a market capitalization of $2.77 billion, a P/E ratio of 12.64 and a beta of 1.99.

Insider Transactions at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the transaction, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Trading of United Parks & Resorts

A number of institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in shares of United Parks & Resorts by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company’s stock valued at $2,976,000 after acquiring an additional 258 shares during the period. LPL Financial LLC grew its holdings in United Parks & Resorts by 7.0% during the 4th quarter. LPL Financial LLC now owns 5,316 shares of the company’s stock valued at $299,000 after purchasing an additional 350 shares during the last quarter. Blue Trust Inc. purchased a new stake in United Parks & Resorts in the 3rd quarter worth about $30,000. Public Employees Retirement System of Ohio bought a new stake in United Parks & Resorts in the third quarter worth about $32,000. Finally, KBC Group NV boosted its position in shares of United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company’s stock valued at $95,000 after buying an additional 638 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.