United Parks & Resorts (NYSE:PRKS) Now Covered by Analysts at UBS Group

Investment analysts at UBS Group assumed coverage on shares of United Parks & Resorts (NYSE:PRKS) in a report released on Wednesday,Benzinga reports. The firm set a “neutral” rating and a $49.00 price target on the stock. UBS Group’s price objective would indicate a potential upside of 26.83% from the company’s previous close.

PRKS has been the topic of several other reports. Macquarie dropped 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 research note on Thursday, March 6th. Barclays assumed coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They set an “equal weight” rating and a $50.00 price target on the stock. Guggenheim boosted their price target 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. Mizuho raised their price objective on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a report on Thursday, February 27th. Finally, Truist Financial reduced their target price on United Parks & Resorts from $64.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, United Parks & Resorts currently has an average rating of “Hold” and an average target price of $60.17.

United Parks & Resorts Stock Performance

NYSE:PRKS opened at $38.64 on Wednesday. United Parks & Resorts has a 1 year low of $38.33 and a 1 year high of $60.83. The stock has a market cap of $2.13 billion, a P/E ratio of 9.68 and a beta of 1.61. The stock has a 50-day simple moving average of $49.42 and a 200-day simple moving average of $52.73.

Insider Buying and Selling

In related news, insider Byron Surrett sold 7,008 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $48.90, for a total transaction of $342,691.20. Following the completion of the sale, the insider now directly owns 11,050 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

Several institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors purchased a new stake in shares of United Parks & Resorts in the third quarter valued at about $478,000. The Manufacturers Life Insurance Company purchased a new stake in United Parks & Resorts in the 3rd quarter valued at approximately $997,000. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in United Parks & Resorts by 0.9% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 555,309 shares of the company’s stock valued at $31,203,000 after purchasing an additional 4,919 shares in the last quarter. National Bank of Canada FI increased its position in United Parks & Resorts by 2,024,910.0% during the 4th quarter. National Bank of Canada FI now owns 405,002 shares of the company’s stock worth $22,757,000 after purchasing an additional 404,982 shares during the period. Finally, Perpetual Ltd raised its stake in shares of United Parks & Resorts by 37.8% during the 4th quarter. Perpetual Ltd now owns 459,150 shares of the company’s stock worth $25,800,000 after buying an additional 125,912 shares in the last quarter.

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.