Park Hotels & Resorts Inc. (NYSE:PK) Shares Sold by AlphaMark Advisors LLC

AlphaMark Advisors LLC trimmed its holdings in Park Hotels & Resorts Inc. (NYSE:PK) by 14.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,120 shares of the financial services provider’s stock after selling 1,820 shares during the quarter. AlphaMark Advisors LLC’s holdings in Park Hotels & Resorts were worth $157,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PK. Fidelis Capital Partners LLC purchased a new position in shares of Park Hotels & Resorts during the first quarter worth about $26,000. Quarry LP grew its stake in Park Hotels & Resorts by 82.1% during the 2nd quarter. Quarry LP now owns 4,118 shares of the financial services provider’s stock worth $62,000 after buying an additional 1,857 shares during the last quarter. FinTrust Capital Advisors LLC increased its position in Park Hotels & Resorts by 260.5% during the first quarter. FinTrust Capital Advisors LLC now owns 5,076 shares of the financial services provider’s stock worth $89,000 after buying an additional 3,668 shares during the period. EntryPoint Capital LLC lifted its stake in Park Hotels & Resorts by 53.5% in the first quarter. EntryPoint Capital LLC now owns 6,488 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,260 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Park Hotels & Resorts by 55.3% in the first quarter. Covestor Ltd now owns 7,430 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 2,645 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Park Hotels & Resorts Trading Down 0.8 %

NYSE:PK opened at $13.99 on Friday. Park Hotels & Resorts Inc. has a 1 year low of $11.05 and a 1 year high of $18.05. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a fifty day moving average price of $14.48 and a two-hundred day moving average price of $15.16. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.70 and a beta of 2.02.

Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.30). The company had revenue of $686.00 million during the quarter, compared to analysts’ expectations of $694.94 million. Park Hotels & Resorts had a net margin of 11.50% and a return on equity of 8.77%. As a group, sell-side analysts anticipate that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.15%. Park Hotels & Resorts’s dividend payout ratio (DPR) is 69.44%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PK shares. Wolfe Research cut shares of Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th. Evercore ISI dropped their price objective on shares of Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. StockNews.com downgraded shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. Truist Financial dropped their price target on Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Finally, UBS Group reduced their price objective on Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.05.

Park Hotels & Resorts Company Profile

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.