Park Hotels & Resorts Inc. $PK Stock Holdings Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in Park Hotels & Resorts Inc. (NYSE:PK) by 58.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,075,796 shares of the financial services provider’s stock after acquiring an additional 768,369 shares during the quarter. Quantinno Capital Management LP’s holdings in Park Hotels & Resorts were worth $21,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Donald Smith & CO. Inc. increased its holdings in Park Hotels & Resorts by 14.2% in the fourth quarter. Donald Smith & CO. Inc. now owns 14,617,921 shares of the financial services provider’s stock worth $152,903,000 after buying an additional 1,813,338 shares during the last quarter. Bank of America Corp DE lifted its stake in Park Hotels & Resorts by 1.6% in the third quarter. Bank of America Corp DE now owns 13,074,474 shares of the financial services provider’s stock valued at $144,865,000 after acquiring an additional 203,922 shares during the last quarter. AQR Capital Management LLC grew its position in Park Hotels & Resorts by 76.7% in the second quarter. AQR Capital Management LLC now owns 7,744,912 shares of the financial services provider’s stock worth $79,230,000 after acquiring an additional 3,361,382 shares in the last quarter. Sculptor Capital LP grew its position in Park Hotels & Resorts by 154.1% in the second quarter. Sculptor Capital LP now owns 6,534,153 shares of the financial services provider’s stock worth $66,844,000 after acquiring an additional 3,962,304 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Park Hotels & Resorts by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,257,003 shares of the financial services provider’s stock worth $44,528,000 after acquiring an additional 273,410 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PK shares. Cantor Fitzgerald restated a “neutral” rating and set a $12.00 price target on shares of Park Hotels & Resorts in a report on Wednesday, May 13th. Truist Financial upped their price objective on shares of Park Hotels & Resorts from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. increased their target price on shares of Park Hotels & Resorts from $11.00 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Barclays boosted their price target on Park Hotels & Resorts from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Finally, LADENBURG THALM/SH SH raised their price objective on Park Hotels & Resorts from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Park Hotels & Resorts currently has an average rating of “Reduce” and a consensus target price of $13.18.

Park Hotels & Resorts Stock Performance

Shares of PK opened at $15.05 on Friday. The company has a market capitalization of $3.03 billion, a PE ratio of -13.81, a price-to-earnings-growth ratio of 1.99 and a beta of 1.33. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.25 and a quick ratio of 1.25. Park Hotels & Resorts Inc. has a one year low of $9.84 and a one year high of $15.48. The company’s fifty day moving average price is $14.19 and its 200 day moving average price is $12.17.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.33). The firm had revenue of $622.00 million for the quarter, compared to the consensus estimate of $609.77 million. Park Hotels & Resorts had a negative net margin of 8.49% and a negative return on equity of 6.71%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. As a group, analysts expect that Park Hotels & Resorts Inc. will post 1.79 earnings per share for the current year.

Park Hotels & Resorts Profile

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company’s primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.