United Parks & Resorts (NYSE:PRKS) Coverage Initiated at Barclays

Barclays initiated coverage on shares of United Parks & Resorts (NYSE:PRKS) in a research report report published on Friday morning, MarketBeat.com reports. The brokerage issued an equal weight rating and a $50.00 target price on the stock.

A number of other research analysts have also weighed in on PRKS. Mizuho boosted their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research report on Thursday, February 27th. Guggenheim upped their price objective on shares of United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Macquarie cut their price objective on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.36.

United Parks & Resorts Price Performance

United Parks & Resorts stock opened at $47.71 on Friday. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 11.96 and a beta of 1.96. United Parks & Resorts has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The firm has a fifty day moving average price of $52.35 and a two-hundred day moving average price of $53.33.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 7,008 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $48.90, for a total transaction of $342,691.20. Following the sale, the insider now directly owns 11,050 shares of the company’s stock, valued at approximately $540,345. This represents a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Institutional Trading of United Parks & Resorts

Several large investors have recently added to or reduced their stakes in PRKS. Hill Path Capital LP bought a new stake in United Parks & Resorts during the third quarter worth about $1,376,588,000. Simcoe Capital Management LLC bought a new stake in United Parks & Resorts during the third quarter worth about $110,983,000. Goldentree Asset Management LP bought a new stake in United Parks & Resorts during the third quarter worth about $71,882,000. HG Vora Capital Management LLC bought a new stake in United Parks & Resorts during the third quarter worth about $65,780,000. Finally, State Street Corp bought a new stake in United Parks & Resorts during the third quarter worth about $42,787,000.

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.