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

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

Other analysts have also issued research reports about the company. Mizuho increased their price target on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a report on Thursday, February 27th. Guggenheim raised their target price on shares of United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Macquarie cut their price target on shares of United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $61.36.

United Parks & Resorts Price Performance

Shares of NYSE PRKS opened at $47.71 on Friday. United Parks & Resorts has a 1-year low of $44.72 and a 1-year high of $60.83. The business’s 50 day moving average is $52.35 and its two-hundred day moving average is $53.39. The stock has a market capitalization of $2.63 billion, a P/E ratio of 11.96 and a beta of 1.96.

Insider Transactions at United Parks & Resorts

In related 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 value of $342,691.20. Following the completion of the sale, the insider now directly owns 11,050 shares in the company, valued at $540,345. The trade was a 38.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of United Parks & Resorts in the 3rd quarter worth approximately $32,000. KBC Group NV purchased a new stake in United Parks & Resorts during the third quarter worth $54,000. Amalgamated Bank bought a new stake in United Parks & Resorts during the 3rd quarter valued at $65,000. R Squared Ltd purchased a new position in shares of United Parks & Resorts in the 4th quarter valued at $72,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of United Parks & Resorts by 267.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company’s stock worth $103,000 after acquiring an additional 1,339 shares in 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.