United Parks & Resorts Inc. (NYSE:PRKS) Insider Sells $342,691.20 in Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Byron Surrett sold 7,008 shares of the business’s stock in a transaction 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 approximately $540,345. The trade was a 38.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

United Parks & Resorts Trading Down 0.8 %

Shares of NYSE PRKS opened at $46.87 on Thursday. The firm’s 50-day moving average price is $52.79 and its 200-day moving average price is $53.40. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 11.75 and a beta of 1.96. United Parks & Resorts Inc. has a 12-month low of $44.72 and a 12-month high of $60.83.

Analysts Set New Price Targets

Several brokerages have commented on PRKS. Macquarie decreased their price target on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Guggenheim boosted their price target on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Mizuho boosted their price target on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Institutional Trading of United Parks & Resorts

Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in United Parks & Resorts during the 3rd quarter valued at about $32,000. KBC Group NV bought a new position in United Parks & Resorts during the 3rd quarter valued at about $54,000. Amalgamated Bank bought a new position in United Parks & Resorts during the 3rd quarter valued at about $65,000. R Squared Ltd bought a new position in United Parks & Resorts during the 4th quarter valued at about $72,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in United Parks & Resorts by 267.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company’s stock valued at $103,000 after purchasing an additional 1,339 shares during 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.