1 week Ago By Defense World Staff
Geode Capital Management LLC lessened its position in shares of Park Hotels & Resorts Inc. (NYSE:PK – Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 3,883,583 shares of the financial services provider’s stock after selling 52,544 shares during the period. Geode Capital Management LLC owned 1.88% of Park Hotels & Resorts worth $54,657,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. EP Wealth Advisors LLC purchased a new stake in shares of Park Hotels & Resorts during the 3rd quarter valued at approximately $224,000. MML Investors Services LLC boosted its holdings in shares of Park Hotels & Resorts by 55.
1% in the third quarter. MML Investors Services LLC now owns 24,634 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 8,749 shares during the period. Y Intercept Hong Kong Ltd grew its position in shares of Park Hotels & Resorts by 81.
6% in the third quarter. Y Intercept Hong Kong Ltd now owns 42,051 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 18,892 shares in the last quarter. Barclays PLC grew its position in shares of Park Hotels & Resorts by 22.
4% in the third quarter. Barclays PLC now owns 319,593 shares of the financial services provider’s stock valued at $4,507,000 after purchasing an additional 58,432 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Park Hotels & Resorts during the 3rd quarter valued at $477,000.
Institutional investors own 92.69% of the company’s stock. Park Hotels & Resorts Stock PerformanceShares of NYSE PK opened at $9.
52 on Monday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 9.
42, a P/E/G ratio of 1.51 and a beta of 1.73.
The stock’s 50-day moving average is $11.58 and its 200 day moving average is $13.42.
The company has a current ratio of 1.19, a quick ratio of 1.51 and a debt-to-equity ratio of 1.
27. Park Hotels & Resorts Inc. has a 1-year low of $8.
27 and a 1-year high of $17.26. Park Hotels & Resorts (NYSE:PK – Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th.
The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.
01). Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.
16%. The business had revenue of $625.00 million during the quarter, compared to the consensus estimate of $609.
05 million. On average, sell-side analysts anticipate that Park Hotels & Resorts Inc. will post 2.
11 EPS for the current fiscal year. Park Hotels & Resorts Cuts DividendThe business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.
25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.
00 annualized dividend and a dividend yield of 10.51%. Park Hotels & Resorts’s dividend payout ratio is currently 99.
01%. Wall Street Analyst Weigh InA number of research analysts have weighed in on the company. StockNews.
com lowered Park Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Company decreased their target price on shares of Park Hotels & Resorts from $17.00 to $14.
00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Truist Financial cut their price target on shares of Park Hotels & Resorts from $18.00 to $16.
00 and set a “buy” rating for the company in a report on Friday, March 21st. UBS Group decreased their price target on shares of Park Hotels & Resorts from $15.00 to $13.
00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, Jefferies Financial Group lowered Park Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price objective for the company from $19.00 to $10.
00 in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.
com, Park Hotels & Resorts has an average rating of “Hold” and an average target price of $16.39.Check Out Our Latest Analysis on PKPark Hotels & Resorts Company Profile (Free Report)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.See AlsoFive stocks we like better than Park Hotels & ResortsTSX Venture Exchange (Formerly Canadian Venture Exchange)Is McDonald’s Stock Serving a Value Meal to Investors? What Are Trending Stocks? Trending Stocks ExplainedWalgreens Comeback? Private Equity Circling for a BuyoutWhy Special Dividends Can be a Delightful Surprise for Income InvestorsCoca-Cola Stock Looks Refreshing After the Relief Rally Want to see what other hedge funds are holding PK? Visit HoldingsChannel.
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