Park Hotels & Resorts (NYSE:PK) Rating Lowered to Sell at StockNews.com

Park Hotels & Resorts (NYSE:PK) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other equities research analysts also recently weighed in on PK. Wells Fargo & Company cut their target price on Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday. UBS Group cut their price objective on Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Compass Point decreased their target price on Park Hotels & Resorts from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Jefferies Financial Group dropped their price target on shares of Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.15.

Park Hotels & Resorts Trading Down 0.5 %

NYSE:PK opened at $13.03 on Friday. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.51 and a beta of 2.00. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.51 and a current ratio of 1.51. Park Hotels & Resorts has a 1 year low of $12.56 and a 1 year high of $18.05. The business has a fifty day moving average of $13.82 and a 200-day moving average of $14.31.

Park Hotels & Resorts (NYSE:PK) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Park Hotels & Resorts had a net margin of 12.66% and a return on equity of 9.63%. The company had revenue of $625.00 million during the quarter, compared to the consensus estimate of $609.05 million. Equities analysts predict that Park Hotels & Resorts will post 1.97 earnings per share for the current year.

Institutional Investors Weigh In On Park Hotels & Resorts

Several hedge funds have recently made changes to their positions in PK. GF Fund Management CO. LTD. acquired a new stake in Park Hotels & Resorts during the 4th quarter valued at $53,000. Twinbeech Capital LP boosted its position in shares of Park Hotels & Resorts by 396.7% in the fourth quarter. Twinbeech Capital LP now owns 86,333 shares of the financial services provider’s stock worth $1,215,000 after buying an additional 68,950 shares during the period. Two Sigma Advisers LP grew its holdings in shares of Park Hotels & Resorts by 59.1% during the fourth quarter. Two Sigma Advisers LP now owns 28,000 shares of the financial services provider’s stock valued at $394,000 after buying an additional 10,400 shares in the last quarter. Two Sigma Investments LP raised its position in Park Hotels & Resorts by 262.6% during the fourth quarter. Two Sigma Investments LP now owns 245,593 shares of the financial services provider’s stock valued at $3,455,000 after buying an additional 177,856 shares during the period. Finally, Tidal Investments LLC lifted its stake in Park Hotels & Resorts by 6.3% in the 4th quarter. Tidal Investments LLC now owns 20,754 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 1,232 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.