United Parks & Resorts Inc. (NYSE:PRKS) Given Average Rating of “Hold” by Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $49.3636.

A number of brokerages have recently issued reports on PRKS. Truist Financial cut their target price on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on shares of United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Finally, Citigroup cut their price target on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 5th.

Insider Buying and Selling at United Parks & Resorts

In related news, insider Christopher L. Finazzo sold 7,200 shares of United Parks & Resorts stock in a transaction on Monday, December 15th. The stock was sold at an average price of $35.12, for a total transaction of $252,864.00. Following the completion of the transaction, the insider directly owned 138,285 shares of the company’s stock, valued at approximately $4,856,569.20. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new position in shares of United Parks & Resorts during the 4th quarter worth $25,000. CWM LLC increased its holdings in United Parks & Resorts by 74.3% during the 3rd quarter. CWM LLC now owns 495 shares of the company’s stock valued at $26,000 after acquiring an additional 211 shares in the last quarter. Federated Hermes Inc. raised its position in United Parks & Resorts by 114.0% during the third quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock worth $28,000 after acquiring an additional 293 shares during the last quarter. Quarry LP purchased a new stake in shares of United Parks & Resorts in the third quarter valued at about $28,000. Finally, Arax Advisory Partners purchased a new stake in shares of United Parks & Resorts in the fourth quarter valued at about $31,000.

United Parks & Resorts Stock Down 0.2%

Shares of United Parks & Resorts stock opened at $35.47 on Friday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 2.37 and a beta of 1.27. United Parks & Resorts has a 52-week low of $29.62 and a 52-week high of $58.51. The company’s 50-day simple moving average is $36.37 and its 200-day simple moving average is $43.02.

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.