United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Rating of “Hold” from Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been given an average rating of “Hold” by the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $58.50.

A number of analysts have issued reports on PRKS shares. UBS Group assumed coverage on shares of United Parks & Resorts in a report on Wednesday, April 9th. They issued a “neutral” rating and a $49.00 price objective for the company. Guggenheim boosted their price target on United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Macquarie lowered their price objective on 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. Stifel Nicolaus cut their target price on United Parks & Resorts from $74.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, Barclays assumed coverage on United Parks & Resorts in a report on Friday, March 14th. They set an “equal weight” rating and a $50.00 target price on the stock.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction dated Monday, March 10th. The stock was 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 trade represents a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PRKS. Barrow Hanley Mewhinney & Strauss LLC increased its position in United Parks & Resorts by 15.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company’s stock valued at $255,575,000 after acquiring an additional 599,043 shares during the period. River Road Asset Management LLC grew its stake in shares of United Parks & Resorts by 34.1% in the fourth quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company’s stock worth $99,548,000 after purchasing an additional 450,670 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in United Parks & Resorts by 1.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company’s stock valued at $81,609,000 after purchasing an additional 19,012 shares during the period. Voss Capital LP raised its position in United Parks & Resorts by 0.4% during the 4th quarter. Voss Capital LP now owns 1,447,500 shares of the company’s stock worth $81,335,000 after purchasing an additional 5,838 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in United Parks & Resorts by 62.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,055,026 shares of the company’s stock worth $59,282,000 after buying an additional 404,120 shares during the period.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock opened at $44.91 on Friday. The firm has a 50-day moving average of $46.05 and a 200-day moving average of $51.87. United Parks & Resorts has a 52-week low of $37.68 and a 52-week high of $60.83. The stock has a market cap of $2.47 billion, a PE ratio of 11.26 and a beta of 1.61.

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.