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

United Parks & Resorts (NYSE:PRKS) had its price objective lifted by Mizuho from $43.00 to $45.00 in a research report sent to investors on Thursday,Benzinga reports. Mizuho currently has an underperform rating on the stock.

A number of other brokerages also recently commented on PRKS. Guggenheim decreased their price objective on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Truist Financial boosted their price target on United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

United Parks & Resorts Trading Down 6.4 %

Shares of PRKS opened at $49.48 on Thursday. United Parks & Resorts has a 12 month low of $44.72 and a 12 month high of $60.83. The firm has a fifty day simple moving average of $53.97 and a 200 day simple moving average of $53.34. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 12.40 and a beta of 1.99.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Christopher L. Finazzo sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the sale, the insider now directly owns 132,439 shares in the company, valued at approximately $7,366,257.18. This trade represents a 8.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

A number of institutional investors have recently added to or reduced their stakes in PRKS. Envestnet Asset Management Inc. boosted its position in 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 buying an additional 258 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of 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 acquiring an additional 350 shares in the last quarter. Blue Trust Inc. bought a new stake in United Parks & Resorts during the 3rd quarter worth $30,000. Public Employees Retirement System of Ohio acquired a new position in United Parks & Resorts in the 3rd quarter worth about $32,000. Finally, KBC Group NV raised its position in United Parks & Resorts by 60.2% in the fourth quarter. KBC Group NV now owns 1,698 shares of the company’s stock valued at $95,000 after purchasing an additional 638 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.