Mizuho Raises United Parks & Resorts (NYSE:PRKS) Price Target to $45.00

United Parks & Resorts (NYSE:PRKS) had its price objective hoisted by Mizuho from $43.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s price target would indicate a potential downside of 14.87% from the stock’s current price.

PRKS has been the topic of several other reports. 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 report on Friday, November 8th. Guggenheim cut their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.80.

United Parks & Resorts Stock Down 3.2 %

Shares of NYSE PRKS opened at $52.86 on Thursday. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 13.25 and a beta of 1.99. United Parks & Resorts has a 52-week low of $44.72 and a 52-week high of $60.83. The company’s 50-day simple moving average is $53.97 and its 200-day simple moving average is $53.34.

Insiders Place Their Bets

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

Hedge Funds Weigh In On United Parks & Resorts

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. purchased a new position in United Parks & Resorts during the 3rd quarter valued at about $30,000. Public Employees Retirement System of Ohio purchased a new position in United Parks & Resorts during the 3rd quarter valued at about $32,000. KBC Group NV purchased a new position in United Parks & Resorts during the 3rd quarter valued at about $54,000. Amalgamated Bank purchased a new position in United Parks & Resorts during the 3rd quarter valued at about $65,000. Finally, R Squared Ltd purchased a new position in United Parks & Resorts during the 4th quarter valued at about $72,000.

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.