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

Symons Capital Management Inc. boosted its position in shares of Park Hotels & Resorts Inc (NYSE:PK) by 37.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,437 shares of the financial services provider’s stock after acquiring an additional 64,424 shares during the period. Park Hotels & Resorts comprises 2.7% of Symons Capital Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Symons Capital Management Inc. owned about 0.12% of Park Hotels & Resorts worth $5,929,000 at the end of the most recent reporting period.

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

Several analysts have recently weighed in on PK shares. Barclays restated an “overweight” rating and set a $30.00 price objective on shares of Park Hotels & Resorts in a research report on Friday, September 27th. JPMorgan Chase & Co. restated an “underweight” rating and set a $23.00 price objective on shares of Park Hotels & Resorts in a research report on Tuesday, September 24th. Zacks Investment Research downgraded shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. Deutsche Bank boosted their price objective on shares of Park Hotels & Resorts from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Nomura reduced their price objective on shares of Park Hotels & Resorts from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Park Hotels & Resorts has an average rating of “Hold” and an average target price of $28.33.

PK stock traded down $0.33 on Friday, hitting $23.02. The company’s stock had a trading volume of 2,704,566 shares, compared to its average volume of 2,097,024. The firm has a 50 day moving average of $24.00 and a two-hundred day moving average of $26.46. Park Hotels & Resorts Inc has a 1 year low of $22.38 and a 1 year high of $33.02. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.56.

Park Hotels & Resorts 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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