United Parks & Resorts (NYSE:PRKS) Price Target Cut to $65.00 by Analysts at Macquarie

United Parks & Resorts (NYSE:PRKS) had its price target reduced by investment analysts at Macquarie from $70.00 to $65.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Macquarie’s price target would suggest a potential upside of 32.27% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. Guggenheim lifted their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Mizuho raised their price objective 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. Finally, Truist Financial boosted their target price on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, United Parks & Resorts has an average rating of “Moderate Buy” and a consensus price target of $62.50.

United Parks & Resorts Stock Down 1.0 %

Shares of NYSE PRKS traded down $0.51 during mid-day trading on Thursday, hitting $49.14. 271,964 shares of the company traded hands, compared to its average volume of 878,190. The business has a 50 day moving average of $53.53 and a two-hundred day moving average of $53.41. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 12.32 and a beta of 1.99. United Parks & Resorts has a 1 year low of $44.72 and a 1 year high of $60.83.

Insider Buying and Selling

In related news, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the transaction, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PRKS. Nisa Investment Advisors LLC acquired a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $99,000. QRG Capital Management Inc. bought a new position in United Parks & Resorts during the third quarter valued at about $205,000. Amalgamated Bank acquired a new stake in shares of United Parks & Resorts in the third quarter worth about $65,000. Supplemental Annuity Collective Trust of NJ bought a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $202,000. Finally, Entropy Technologies LP acquired a new position in shares of United Parks & Resorts during the 3rd quarter valued at about $832,000.

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.