United Parks & Resorts (NYSE:PRKS) Price Target Raised to $72.00 at Guggenheim

United Parks & Resorts (NYSE:PRKS) had its target price upped by Guggenheim from $70.00 to $72.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective would indicate a potential upside of 42.72% from the stock’s current price.

A number of other research analysts also recently commented on PRKS. Mizuho raised their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Thursday. 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 report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

United Parks & Resorts Trading Up 1.8 %

PRKS opened at $50.45 on Thursday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 12.64 and a beta of 1.99. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.83. The business’s fifty day simple moving average is $53.88 and its 200-day simple moving average is $53.31.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 13,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now directly owns 132,439 shares of the company’s stock, valued at $7,366,257.18. This represents a 8.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On United Parks & Resorts

A number of large investors have recently modified their holdings of the business. Hill Path Capital LP purchased a new position in shares of United Parks & Resorts in the 3rd quarter valued at approximately $1,376,588,000. Eagle Asset Management Inc. purchased a new position in shares of United Parks & Resorts in the third quarter worth $21,959,000. Quest Partners LLC acquired a new stake in shares of United Parks & Resorts during the third quarter worth $448,000. Goldentree Asset Management LP purchased a new stake in shares of United Parks & Resorts during the third quarter valued at $71,882,000. Finally, Simcoe Capital Management LLC acquired a new position in shares of United Parks & Resorts in the 3rd quarter valued at $110,983,000.

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.