Park Hotels & Resorts Inc (NYSE:PK) Holdings Lifted by Stephens Inc. AR

Stephens Inc. AR increased its holdings in shares of Park Hotels & Resorts Inc (NYSE:PK) by 14.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 138,369 shares of the financial services provider’s stock after purchasing an additional 17,566 shares during the quarter. Stephens Inc. AR’s holdings in Park Hotels & Resorts were worth $3,813,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Enterprise Financial Services Corp grew its holdings in shares of Park Hotels & Resorts by 132.0% during the first quarter. Enterprise Financial Services Corp now owns 819 shares of the financial services provider’s stock valued at $25,000 after buying an additional 466 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in Park Hotels & Resorts during the first quarter valued at $32,000. Advisory Services Network LLC boosted its position in Park Hotels & Resorts by 68.5% during the second 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 during the last quarter. Penserra Capital Management LLC acquired a new stake in Park Hotels & Resorts during the first quarter valued at $56,000. Finally, NEXT Financial Group Inc boosted its position in Park Hotels & Resorts by 4,000.0% during the second quarter. NEXT Financial Group Inc now owns 2,050 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 2,000 shares during the last quarter.

A number of analysts recently issued reports on the company. Capital One Financial assumed coverage on Park Hotels & Resorts in a research report on Tuesday, June 25th. They set an “overweight” rating and a $34.00 price objective for the company. Deutsche Bank set a $33.00 price objective on Park Hotels & Resorts and gave the company a “hold” rating in a research report on Wednesday, July 31st. Zacks Investment Research raised Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, TheStreet cut Park Hotels & Resorts from a “b-” rating to a “c” rating in a research report on Wednesday, June 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Park Hotels & Resorts currently has a consensus rating of “Hold” and an average price target of $32.38.



PK traded up $0.28 during trading on Friday, reaching $23.93. 44,407 shares of the stock traded hands, compared to its average volume of 1,902,635. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.26. Park Hotels & Resorts Inc has a fifty-two week low of $23.12 and a fifty-two week high of $34.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.74 and a quick ratio of 1.74. The stock’s 50-day simple moving average is $26.26 and its two-hundred day simple moving average is $29.32.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.42). Park Hotels & Resorts had a net margin of 10.52% and a return on equity of 5.06%. The firm had revenue of $703.00 million for the quarter, compared to analyst estimates of $694.08 million. During the same period in the previous year, the business posted $0.93 EPS. Park Hotels & Resorts’s revenue for the quarter was down 3.8% on a year-over-year basis. Research analysts anticipate that Park Hotels & Resorts Inc will post 2.87 earnings per share for the current fiscal year.

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.

Featured Story: Gross Domestic Product (GDP)

Want to see what other hedge funds are holding PK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Park Hotels & Resorts Inc (NYSE:PK).

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

Receive News & Ratings for Park Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.