Park Hotels & Resorts (NYSE:PK) Stock Rating Lowered by StockNews.com

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

A number of other equities analysts have also recently commented on PK. Bank of America reduced their price target on Park Hotels & Resorts from $17.00 to $16.50 and set a “neutral” rating for the company in a report on Monday, October 21st. Compass Point decreased their target price on Park Hotels & Resorts from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group dropped their price target on Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. UBS Group reduced 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. Finally, Wells Fargo & Company increased their price objective on shares of Park Hotels & Resorts from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Park Hotels & Resorts has an average rating of “Hold” and an average target price of $18.45.

Park Hotels & Resorts Stock Performance

PK stock traded down $0.03 during trading hours on Wednesday, reaching $13.08. The stock had a trading volume of 2,137,080 shares, compared to its average volume of 3,527,843. The stock has a market capitalization of $2.70 billion, a PE ratio of 8.33 and a beta of 2.00. The stock has a 50-day simple moving average of $14.45 and a 200 day simple moving average of $14.46. Park Hotels & Resorts has a fifty-two week low of $12.80 and a fifty-two week high of $18.05. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.51 and a quick ratio of 1.51.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PK. Wealth Enhancement Advisory Services LLC grew its stake in Park Hotels & Resorts by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 79,994 shares of the financial services provider’s stock worth $1,128,000 after buying an additional 752 shares in the last quarter. Cascade Investment Advisors Inc. lifted its holdings in shares of Park Hotels & Resorts by 1.3% during the 4th quarter. Cascade Investment Advisors Inc. now owns 73,487 shares of the financial services provider’s stock worth $1,034,000 after acquiring an additional 915 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Park Hotels & Resorts by 0.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 338,032 shares of the financial services provider’s stock worth $5,043,000 after acquiring an additional 1,011 shares in the last quarter. Tidal Investments LLC increased its stake in Park Hotels & Resorts by 5.5% in the third quarter. Tidal Investments LLC now owns 19,522 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Amalgamated Bank raised its position in Park Hotels & Resorts by 1.1% during the fourth quarter. Amalgamated Bank now owns 98,223 shares of the financial services provider’s stock valued at $1,382,000 after purchasing an additional 1,089 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

About Park Hotels & Resorts

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.