Park Hotels & Resorts Inc. (NYSE:PK) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in Park Hotels & Resorts Inc. (NYSE:PK – Get Rating) by 0.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 366,757 shares of the financial services provider’s stock after buying an additional 2,408 shares during the quarter. Commonwealth Equity Services LLC owned about 0.16% of Park Hotels & Resorts worth $4,129,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. MetLife Investment Management LLC increased its stake in shares of Park Hotels & Resorts by 33.4% during the first quarter. MetLife Investment Management LLC now owns 152,902 shares of the financial services provider’s stock worth $2,986,000 after acquiring an additional 38,302 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Park Hotels & Resorts by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,667 shares of the financial services provider’s stock worth $1,693,000 after purchasing an additional 8,263 shares during the period. BlackRock Inc. raised its stake in shares of Park Hotels & Resorts by 0.6% during the 1st quarter. BlackRock Inc. now owns 29,740,571 shares of the financial services provider’s stock worth $580,834,000 after buying an additional 182,269 shares in the last quarter. APG Asset Management N.V. purchased a new position in shares of Park Hotels & Resorts during the 1st quarter worth approximately $857,000. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Park Hotels & Resorts by 5.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 328,319 shares of the financial services provider’s stock valued at $6,628,000 after buying an additional 16,107 shares during the period. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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Insider Transactions at Park Hotels & Resorts

In related news, Director Geoffrey Garrett sold 3,000 shares of the stock in a transaction on Friday, December 16th. The stock was sold at an average price of $11.86, for a total transaction of $35,580.00. Following the sale, the director now owns 33,604 shares of the company’s stock, valued at $398,543.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PK shares. Truist Financial dropped their price objective on Park Hotels & Resorts to $20.00 in a report on Wednesday, November 16th. Barclays reduced their price objective on shares of Park Hotels & Resorts from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 10th. Morgan Stanley upped their target price on shares of Park Hotels & Resorts from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 7th. Compass Point reduced their price target on shares of Park Hotels & Resorts to $25.00 in a research report on Tuesday, November 15th. Finally, Wells Fargo & Company upped their price target on Park Hotels & Resorts from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Park Hotels & Resorts has an average rating of “Hold” and a consensus price target of $18.21.

Park Hotels & Resorts Price Performance

PK stock opened at $14.02 on Thursday. The stock’s 50 day moving average price is $13.46 and its 200 day moving average price is $12.92. The firm has a market cap of $3.11 billion, a P/E ratio of 19.47, a PEG ratio of 0.82 and a beta of 1.96. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.25 and a current ratio of 3.25. Park Hotels & Resorts Inc. has a 1 year low of $10.92 and a 1 year high of $20.58.

Park Hotels & Resorts Profile

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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.

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