United Parks & Resorts (NYSE:PRKS) Price Target Lowered to $52.00 at Truist Financial

United Parks & Resorts (NYSE:PRKS) had its price objective reduced by Truist Financial from $62.00 to $52.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on PRKS. Mizuho raised their price objective on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research note on Thursday, February 27th. UBS Group assumed coverage on United Parks & Resorts in a research report on Wednesday, April 9th. They set a “neutral” rating and a $49.00 price target on the stock. Barclays began coverage on United Parks & Resorts in a research note on Friday, March 14th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Macquarie decreased their target price on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, Stifel Nicolaus dropped their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, United Parks & Resorts presently has a consensus rating of “Hold” and an average target price of $58.50.

United Parks & Resorts Stock Up 2.3 %

Shares of PRKS opened at $42.81 on Monday. The firm has a market capitalization of $2.36 billion, a PE ratio of 10.73 and a beta of 1.61. The firm has a 50-day moving average price of $48.44 and a 200 day moving average price of $52.44. United Parks & Resorts has a 52-week low of $37.68 and a 52-week high of $60.83.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts 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 sale, the insider now directly owns 11,050 shares of the company’s stock, valued at $540,345. The trade was a 38.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Trading of United Parks & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in United Parks & Resorts by 2.5% in the 1st quarter. Rhumbline Advisers now owns 49,738 shares of the company’s stock worth $2,261,000 after acquiring an additional 1,190 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of United Parks & Resorts by 3,233.3% in the 1st quarter. GAMMA Investing LLC now owns 2,500 shares of the company’s stock valued at $114,000 after purchasing an additional 2,425 shares during the period. Jefferies Financial Group Inc. lifted its position in shares of United Parks & Resorts by 191.6% in the fourth quarter. Jefferies Financial Group Inc. now owns 51,741 shares of the company’s stock worth $2,907,000 after purchasing an additional 34,000 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of United Parks & Resorts by 15.2% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company’s stock worth $255,575,000 after purchasing an additional 599,043 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in United Parks & Resorts by 14.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 99,270 shares of the company’s stock valued at $5,578,000 after purchasing an additional 12,236 shares in the last quarter.

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.