United Parks & Resorts (NYSE:PRKS) Stock Price Up 5.7% – Time to Buy?

Shares of United Parks & Resorts Inc. (NYSE:PRKS) shot up 5.7% during trading on Monday . The company traded as high as $55.23 and last traded at $55.37. 859,262 shares were traded during trading, an increase of 3% from the average session volume of 835,760 shares. The stock had previously closed at $52.36.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial raised their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Guggenheim decreased their target price on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Mizuho reiterated an “underperform” rating and set a $43.00 price target (down from $45.00) on shares of United Parks & Resorts in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.60.

United Parks & Resorts Stock Performance

The business has a 50-day simple moving average of $54.11 and a 200-day simple moving average of $53.23. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 13.96 and a beta of 1.99.

Insider Buying and Selling

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of United Parks & Resorts stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the completion of the sale, the insider now directly owns 132,439 shares of the company’s stock, valued at $7,366,257.18. The trade was a 8.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors have recently added to or reduced their stakes in the business. Hill Path Capital LP acquired a new stake in United Parks & Resorts during the 3rd quarter worth $1,376,588,000. Simcoe Capital Management LLC purchased a new stake in shares of United Parks & Resorts in the 3rd quarter valued at about $110,983,000. Goldentree Asset Management LP acquired a new stake in shares of United Parks & Resorts in the third quarter valued at approximately $71,882,000. River Road Asset Management LLC purchased a new position in United Parks & Resorts during the 3rd quarter worth $66,841,000. Finally, HG Vora Capital Management LLC purchased a new stake in United Parks & Resorts during the 3rd quarter valued at approximately $65,780,000.

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.