Park Hotels & Resorts (NYSE:PK) Lowered to "Hold" Rating by Jefferies Financial Group

Park Hotels & Resorts (NYSE:PK - Get Free Report) was downgraded by research analysts at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research report issued on Wednesday, Marketbeat.com reports. They presently have a $10.00 price target on the financial services provider's stock, down from their prior price target of $19.00. Jefferies Financial Group's price objective would suggest a potential upside of 5.49% from the company's previous close.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Truist Financial decreased their price target on Park Hotels & Resorts from $18.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, March 21st. UBS Group dropped their price objective on Park Hotels & Resorts from $15.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Finally, StockNews.com lowered Park Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Park Hotels & Resorts currently has an average rating of "Hold" and an average price target of $16.39.

Park Hotels & Resorts Stock Down 0.6 %

PK traded down $0.06 during trading on Wednesday, reaching $9.48. The stock had a trading volume of 3,629,165 shares, compared to its average volume of 3,202,488. Park Hotels & Resorts has a one year low of $8.27 and a one year high of $17.26. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 9.39, a P/E/G ratio of 1.51 and a beta of 1.73. The company has a current ratio of 1.19, a quick ratio of 1.51 and a debt-to-equity ratio of 1.27. The stock's 50 day moving average is $11.58 and its two-hundred day moving average is $13.42.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.01). The company had revenue of $625.00 million for the quarter, compared to analysts' expectations of $609.05 million. Park Hotels & Resorts had a net margin of 8.16% and a return on equity of 5.63%. As a group, analysts expect that Park Hotels & Resorts will post 2.11 earnings per share for the current year.

Hedge Funds Weigh In On Park Hotels & Resorts

Several institutional investors have recently made changes to their positions in PK. UMB Bank n.a. increased its holdings in Park Hotels & Resorts by 140.9% during the first quarter. UMB Bank n.a. now owns 2,385 shares of the financial services provider's stock valued at $25,000 after buying an additional 1,395 shares during the last quarter. Blue Zone Wealth Advisors LLC grew its stake in shares of Park Hotels & Resorts by 10.9% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 296,928 shares of the financial services provider's stock valued at $3,171,000 after acquiring an additional 29,118 shares during the period. Merit Financial Group LLC boosted its position in shares of Park Hotels & Resorts by 315.0% in the first quarter. Merit Financial Group LLC now owns 42,922 shares of the financial services provider's stock worth $458,000 after purchasing an additional 32,580 shares during the period. Cascade Investment Advisors Inc. increased its stake in Park Hotels & Resorts by 2.8% in the 1st quarter. Cascade Investment Advisors Inc. now owns 75,562 shares of the financial services provider's stock worth $807,000 after buying an additional 2,075 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Park Hotels & Resorts by 5,253.1% during the first quarter. GAMMA Investing LLC now owns 56,422 shares of the financial services provider's stock worth $603,000 after purchasing an additional 55,368 shares in the last quarter. 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.