Truist Financial Has Lowered Expectations for United Parks & Resorts (NYSE:PRKS) Stock Price

United Parks & Resorts (NYSE:PRKS) had its price objective decreased by analysts at Truist Financial from $64.00 to $62.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 21.61% from the stock’s current price.

A number of other analysts also recently issued reports on PRKS. Barclays initiated coverage on shares of United Parks & Resorts in a report on Friday, March 14th. They set an “equal weight” rating and a $50.00 price target on the stock. Mizuho raised their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Thursday, February 27th. Guggenheim upped their price target on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Macquarie cut 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.18.

United Parks & Resorts Trading Up 3.4 %

Shares of NYSE:PRKS opened at $50.98 on Tuesday. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.83. The business has a 50 day moving average of $51.42 and a two-hundred day moving average of $53.32. The company has a market capitalization of $2.81 billion, a PE ratio of 12.78 and a beta of 1.96.

Insider Transactions at United Parks & Resorts

In related news, insider Byron Surrett sold 7,008 shares of United Parks & Resorts stock in a transaction that occurred 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 transaction, the insider now owns 11,050 shares in the company, valued at approximately $540,345. This trade represents a 38.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of United Parks & Resorts in the third quarter valued at about $32,000. R Squared Ltd purchased a new stake in shares of United Parks & Resorts in the 4th quarter valued at approximately $72,000. KBC Group NV increased its holdings in shares of United Parks & Resorts by 60.2% during the 4th quarter. KBC Group NV now owns 1,698 shares of the company’s stock worth $95,000 after buying an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of United Parks & Resorts by 267.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company’s stock valued at $103,000 after buying an additional 1,339 shares during the period. Finally, Schechter Investment Advisors LLC purchased a new stake in shares of United Parks & Resorts during the 4th quarter valued at approximately $209,000.

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.