Guggenheim Issues Positive Forecast for United Parks & Resorts (NYSE:PRKS) Stock Price

United Parks & Resorts (NYSE:PRKS) had its target price hoisted by investment analysts at Guggenheim from $70.00 to $72.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s target price indicates a potential upside of 40.62% from the stock’s current price.

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

United Parks & Resorts Trading Down 3.2 %

PRKS traded down $1.69 during trading on Thursday, hitting $51.20. 319,568 shares of the company’s stock were exchanged, compared to its average volume of 868,957. The stock has a 50 day moving average price of $53.97 and a 200 day moving average price of $53.34. United Parks & Resorts has a 1 year low of $44.72 and a 1 year high of $60.83. The firm has a market cap of $2.82 billion, a P/E ratio of 12.85 and a beta of 1.99.

Insiders Place Their Bets

In other news, insider Christopher L. Finazzo sold 13,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $55.62, for a total value of $723,060.00. Following the sale, the insider now owns 132,439 shares in the company, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Parks & Resorts

A number of hedge funds have recently bought and sold shares of PRKS. Hill Path Capital LP bought a new position in United Parks & Resorts during the 3rd quarter worth approximately $1,376,588,000. Eagle Asset Management Inc. bought a new position in United Parks & Resorts during the third quarter worth $21,959,000. Quest Partners LLC bought a new position in United Parks & Resorts during the third quarter worth $448,000. Goldentree Asset Management LP bought a new stake in United Parks & Resorts during the third quarter valued at $71,882,000. Finally, Simcoe Capital Management LLC bought a new stake in United Parks & Resorts during the third quarter valued at $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.