United Parks & Resorts Inc. (NYSE:PRKS) Given Consensus Rating of “Hold” by Brokerages

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been assigned an average rating of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $49.3636.

Several equities research analysts recently commented on PRKS shares. Barclays cut their price target on shares of United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 11th. The Goldman Sachs Group reduced their target price on United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Truist Financial decreased their target price on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, December 4th. Mizuho cut their price target on United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 12th. Finally, Citigroup decreased their price objective on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 5th.

United Parks & Resorts Stock Down 0.2%

Shares of United Parks & Resorts stock opened at $35.47 on Friday. United Parks & Resorts has a 52 week low of $29.62 and a 52 week high of $58.51. The firm’s 50 day moving average is $36.37 and its two-hundred day moving average is $43.02. The firm has a market capitalization of $1.93 billion, a P/E ratio of 10.85, a P/E/G ratio of 2.37 and a beta of 1.27.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 7,200 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $35.12, for a total transaction of $252,864.00. Following the transaction, the insider directly owned 138,285 shares of the company’s stock, valued at approximately $4,856,569.20. This trade represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Parks & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC purchased a new stake in United Parks & Resorts during the 4th quarter valued at approximately $25,000. CWM LLC increased its holdings in shares of United Parks & Resorts by 74.3% in the third quarter. CWM LLC now owns 495 shares of the company’s stock valued at $26,000 after purchasing an additional 211 shares during the period. Federated Hermes Inc. raised its stake in shares of United Parks & Resorts by 114.0% during the third quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock worth $28,000 after purchasing an additional 293 shares during the last quarter. Quarry LP purchased a new stake in shares of United Parks & Resorts during the third quarter worth approximately $28,000. Finally, Arax Advisory Partners acquired a new stake in shares of United Parks & Resorts during the fourth quarter worth $31,000.

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.