Russell Investments Group Ltd. raised its holdings in Park Hotels & Resorts Inc. (NYSE:PK) by 1,027.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 471,095 shares of the financial services provider’s stock after acquiring an additional 429,325 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.22% of Park Hotels & Resorts worth $12,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of Park Hotels & Resorts during the 2nd quarter worth $695,000. Strs Ohio grew its position in shares of Park Hotels & Resorts by 122,116.2% during the 2nd quarter. Strs Ohio now owns 166,214 shares of the financial services provider’s stock worth $4,481,000 after buying an additional 166,078 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Park Hotels & Resorts by 1.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 24,246 shares of the financial services provider’s stock worth $654,000 after buying an additional 450 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Park Hotels & Resorts by 162.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 111,481 shares of the financial services provider’s stock worth $3,002,000 after buying an additional 69,071 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Park Hotels & Resorts by 7.1% during the 2nd quarter. CIBC Asset Management Inc now owns 9,416 shares of the financial services provider’s stock worth $254,000 after buying an additional 624 shares in the last quarter. 99.12% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on PK. Nomura increased their price target on Park Hotels & Resorts from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Boenning Scattergood reissued a “buy” rating on shares of Park Hotels & Resorts in a research report on Monday, November 6th. Zacks Investment Research downgraded Park Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Canaccord Genuity dropped their price objective on Park Hotels & Resorts from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Park Hotels & Resorts presently has a consensus rating of “Hold” and an average price target of $34.87.

Shares of Park Hotels & Resorts Inc. (NYSE PK) traded down $0.39 during mid-day trading on Friday, reaching $28.81. The company had a trading volume of 983,268 shares, compared to its average volume of 1,292,122. Park Hotels & Resorts Inc. has a 12 month low of $24.65 and a 12 month high of $33.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.26 and a current ratio of 1.26.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Park Hotels & Resorts had a return on equity of 46.66% and a net margin of 93.04%. The company had revenue of $688.00 million for the quarter, compared to the consensus estimate of $676.76 million. During the same quarter last year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. equities analysts anticipate that Park Hotels & Resorts Inc. will post 2.74 earnings per share for the current fiscal year.

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Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc is a lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment, which includes all of its hotel properties. As of December 31, 2016, the Company’s portfolio consisted of 67 hotels and resorts with over 35,000 rooms located in the United States and international markets.

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Institutional Ownership by Quarter for Park Hotels & Resorts (NYSE:PK)

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