United Parks & Resorts (NYSE:PRKS) Price Target Raised to $72.00 at Guggenheim

United Parks & Resorts (NYSE:PRKS) had its target price upped by Guggenheim from $70.00 to $72.00 in a report issued on Thursday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Several other analysts have also issued reports on PRKS. Mizuho boosted their target price on shares of United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Thursday. Truist Financial boosted their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, United Parks & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

United Parks & Resorts Stock Performance

PRKS stock opened at $49.48 on Thursday. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 12.40 and a beta of 1.99. The business’s 50-day moving average is $53.97 and its two-hundred day moving average is $53.34. United Parks & Resorts has a fifty-two week low of $44.72 and a fifty-two week high of $60.83.

Insider Buying and Selling

In related news, insider Christopher L. Finazzo sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the transaction, the insider now directly owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. The trade was a 8.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors and hedge funds have recently modified their holdings of the stock. Hill Path Capital LP purchased a new position in United Parks & Resorts during the third quarter valued at $1,376,588,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of United Parks & Resorts by 15.2% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company’s stock valued at $255,575,000 after purchasing an additional 599,043 shares during the last quarter. Simcoe Capital Management LLC purchased a new position in shares of United Parks & Resorts during the third quarter valued at about $110,983,000. River Road Asset Management LLC increased its holdings in shares of United Parks & Resorts by 34.1% in the fourth quarter. River Road Asset Management LLC now owns 1,771,636 shares of the company’s stock worth $99,548,000 after purchasing an additional 450,670 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of United Parks & Resorts by 1.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,452,380 shares of the company’s stock worth $81,609,000 after buying an additional 19,012 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.