StockNews.com Upgrades Park Hotels & Resorts (NYSE:PK) to Hold

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

PK has been the subject of a number of other research reports. Compass Point lowered their price objective on shares of Park Hotels & Resorts from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company increased their price objective on shares of Park Hotels & Resorts from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. UBS Group lowered their price objective on shares of Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Bank of America lowered their price objective on shares of Park Hotels & Resorts from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Monday, October 21st. Finally, Jefferies Financial Group lowered their price objective on shares of Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.45.

Park Hotels & Resorts Stock Up 0.8 %

Shares of NYSE PK opened at $12.88 on Thursday. The company has a 50 day simple moving average of $14.08 and a 200-day simple moving average of $14.38. The company has a market capitalization of $2.66 billion, a P/E ratio of 8.20 and a beta of 2.00. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.51 and a quick ratio of 1.51. Park Hotels & Resorts has a 1 year low of $12.56 and a 1 year high of $18.05.

Institutional Investors Weigh In On Park Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of PK. Harbor Capital Advisors Inc. acquired a new stake in shares of Park Hotels & Resorts in the 3rd quarter valued at $33,000. Quarry LP acquired a new stake in shares of Park Hotels & Resorts in the 4th quarter valued at $35,000. Venturi Wealth Management LLC raised its holdings in shares of Park Hotels & Resorts by 281.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,850 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 2,841 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Park Hotels & Resorts by 38.4% in the 4th quarter. Quadrant Capital Group LLC now owns 4,814 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 1,335 shares in the last quarter. Finally, Claro Advisors LLC acquired a new stake in shares of Park Hotels & Resorts in the 3rd quarter valued at $69,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

About Park Hotels & Resorts

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.