Park Hotels & Resorts Inc (NYSE:PK) Shares Purchased by Symons Capital Management Inc.

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Symons Capital Management Inc. boosted its holdings in Park Hotels & Resorts Inc (NYSE:PK) by 37.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 237,437 shares of the financial services provider’s stock after acquiring an additional 64,424 shares during the period. Park Hotels & Resorts accounts for about 2.7% of Symons Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Symons Capital Management Inc.’s holdings in Park Hotels & Resorts were worth $5,929,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PK. Robecosam AG lifted its holdings in Park Hotels & Resorts by 7.4% in the 2nd quarter. Robecosam AG now owns 5,800 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 400 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Park Hotels & Resorts by 0.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 65,998 shares of the financial services provider’s stock valued at $1,819,000 after purchasing an additional 458 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Park Hotels & Resorts by 68.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,436 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 584 shares in the last quarter. Advisor Group Inc. lifted its holdings in Park Hotels & Resorts by 34.2% in the 2nd quarter. Advisor Group Inc. now owns 2,375 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 605 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Park Hotels & Resorts by 2.5% in the 2nd quarter. Assetmark Inc. now owns 24,682 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 609 shares in the last quarter.

Shares of PK stock traded down $0.33 during trading hours on Friday, hitting $23.02. 2,704,566 shares of the company were exchanged, compared to its average volume of 2,097,024. Park Hotels & Resorts Inc has a 1 year low of $22.38 and a 1 year high of $33.02. The firm has a fifty day moving average of $24.00 and a 200 day moving average of $26.46. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.56. The firm has a market cap of $4.67 billion, a PE ratio of 7.78, a PEG ratio of 2.18 and a beta of 1.30.

A number of research analysts have issued reports on the stock. Citigroup reduced their target price on shares of Park Hotels & Resorts from $31.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Zacks Investment Research lowered shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 18th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $23.00 target price on shares of Park Hotels & Resorts in a report on Tuesday, September 24th. Nomura reduced their target price on shares of Park Hotels & Resorts from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, Evercore ISI upgraded shares of Park Hotels & Resorts from an “in-line” rating to an “outperform” rating and reduced their target price for the company from $33.00 to $31.00 in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Park Hotels & Resorts currently has a consensus rating of “Hold” and a consensus price target of $28.33.

Park Hotels & Resorts Company Profile

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 52 premium-branded hotels and resorts with over 30,000 rooms, a substantial portion of which are located in prime United States markets with high barriers to entry.

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Institutional Ownership by Quarter for Park Hotels & Resorts (NYSE:PK)

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