Insider Selling: United Parks & Resorts Inc. (NYSE:PRKS) Insider Sells $342,691.20 in Stock

United Parks & Resorts Inc. (NYSE:PRKS) insider Byron Surrett sold 7,008 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $48.90, for a total value of $342,691.20. Following the completion of the transaction, the insider now owns 11,050 shares in the company, valued at $540,345. This trade represents a 38.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS opened at $45.58 on Friday. The business’s 50 day simple moving average is $52.55 and its 200-day simple moving average is $53.34. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 11.42 and a beta of 1.96. United Parks & Resorts Inc. has a 12 month low of $44.72 and a 12 month high of $60.83.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of United Parks & Resorts during the 3rd quarter worth approximately $32,000. KBC Group NV purchased a new stake in United Parks & Resorts in the 3rd quarter valued at approximately $54,000. Amalgamated Bank purchased a new stake in United Parks & Resorts in the 3rd quarter valued at approximately $65,000. R Squared Ltd purchased a new stake in United Parks & Resorts in the 4th quarter valued at approximately $72,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in United Parks & Resorts by 267.8% in 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 in the last quarter.

Analysts Set New Price Targets

Several research firms have issued reports on PRKS. Mizuho boosted their target price on United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research report on Thursday, February 27th. Macquarie dropped their target price on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Guggenheim boosted their target price on United Parks & Resorts from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.50.

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.