San Francisco Sentry Investment Group CA Buys Shares of 2,260 Park Hotels & Resorts Inc (NYSE:PK)

San Francisco Sentry Investment Group CA purchased a new position in shares of Park Hotels & Resorts Inc (NYSE:PK) in the 3rd quarter, Holdings Channel reports. The fund purchased 2,260 shares of the financial services provider’s stock, valued at approximately $56,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its position in Park Hotels & Resorts by 4.1% during the first quarter. Nordea Investment Management AB now owns 304,351 shares of the financial services provider’s stock valued at $9,459,000 after purchasing an additional 11,885 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its position in Park Hotels & Resorts by 1.1% during the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 102,265 shares of the financial services provider’s stock valued at $2,819,000 after purchasing an additional 1,110 shares during the period. WINTON GROUP Ltd lifted its position in Park Hotels & Resorts by 117.7% during the second quarter. WINTON GROUP Ltd now owns 32,217 shares of the financial services provider’s stock valued at $888,000 after purchasing an additional 17,415 shares during the period. Timbercreek Investment Management Inc. lifted its position in Park Hotels & Resorts by 23.7% during the second quarter. Timbercreek Investment Management Inc. now owns 117,300 shares of the financial services provider’s stock valued at $3,212,000 after purchasing an additional 22,500 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Park Hotels & Resorts by 32.5% during the second quarter. Nisa Investment Advisors LLC now owns 47,574 shares of the financial services provider’s stock valued at $1,311,000 after purchasing an additional 11,674 shares during the period.

A number of research analysts recently issued reports on the stock. Deutsche Bank set a $33.00 target price on shares of Park Hotels & Resorts and gave the company a “hold” rating in a research report on Wednesday, July 31st. Barclays reaffirmed an “overweight” rating and issued a $30.00 price objective on shares of Park Hotels & Resorts in a report on Friday, September 27th. Zacks Investment Research cut shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $23.00 price objective on shares of Park Hotels & Resorts in a report on Tuesday, September 24th. Finally, Nomura cut 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 report on Friday, October 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.83.

PK traded up $0.08 on Friday, reaching $22.75. The stock had a trading volume of 1,797,035 shares, compared to its average volume of 2,749,837. Park Hotels & Resorts Inc has a 12-month low of $22.38 and a 12-month high of $33.02. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $24.47 and its two-hundred day moving average price is $27.31. The company has a market cap of $4.57 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

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 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 during the quarter, compared to analysts’ expectations of $694.08 million. During the same period in the previous year, the firm posted $0.93 EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, analysts predict that Park Hotels & Resorts Inc will post 2.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.80 dividend on an annualized basis and a yield of 7.91%. Park Hotels & Resorts’s payout ratio is 60.81%.

About Park Hotels & Resorts

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 Article: How to invest in blue-chip stocks

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.