United Parks & Resorts Inc. (NYSE:PRKS) Insider Byron Surrett Sells 7,008 Shares

United Parks & Resorts Inc. (NYSE:PRKS) insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction on Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $47.27 on Wednesday. United Parks & Resorts Inc. has a fifty-two week low of $44.72 and a fifty-two week high of $60.83. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 11.85 and a beta of 1.96. The stock’s 50 day simple moving average is $52.97 and its two-hundred day simple moving average is $53.44.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PRKS shares. Macquarie dropped their price objective on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Mizuho boosted their target price 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, Guggenheim increased their target price on United Parks & Resorts from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, United Parks & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $62.50.

Institutional Trading of United Parks & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hill Path Capital LP purchased a new stake in United Parks & Resorts in the 3rd quarter valued at $1,376,588,000. Eagle Asset Management Inc. bought a new stake in shares of United Parks & Resorts in the third quarter worth $21,959,000. Quest Partners LLC bought a new stake in United Parks & Resorts during the third quarter valued at $448,000. Goldentree Asset Management LP bought a new position in shares of United Parks & Resorts during the third quarter worth about $71,882,000. Finally, Simcoe Capital Management LLC bought a new position in shares of United Parks & Resorts during the third quarter worth about $110,983,000.

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.