Park Hotels & Resorts Inc. (PK) Shares Sold by OxFORD Asset Management LLP

OxFORD Asset Management LLP lessened its holdings in shares of Park Hotels & Resorts Inc. (NYSE:PK) by 39.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 210,726 shares of the financial services provider’s stock after selling 138,739 shares during the quarter. OxFORD Asset Management LLP owned 0.10% of Park Hotels & Resorts worth $5,784,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Park Hotels & Resorts by 11.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,973,067 shares of the financial services provider’s stock worth $54,378,000 after purchasing an additional 200,095 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Park Hotels & Resorts by 15.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,408,343 shares of the financial services provider’s stock worth $38,814,000 after purchasing an additional 188,522 shares in the last quarter. Barings LLC increased its holdings in Park Hotels & Resorts by 7.7% during the 3rd quarter. Barings LLC now owns 376,875 shares of the financial services provider’s stock worth $10,387,000 after purchasing an additional 26,820 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Park Hotels & Resorts by 627.2% during the 3rd quarter. Wells Fargo & Company MN now owns 662,204 shares of the financial services provider’s stock worth $18,249,000 after purchasing an additional 571,136 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in Park Hotels & Resorts by 12.0% during the 3rd quarter. Amalgamated Bank now owns 25,956 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 2,791 shares in the last quarter. 99.14% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Evercore ISI upgraded Park Hotels & Resorts from an “in-line” rating to an “outperform” rating in a report on Monday. Zacks Investment Research cut Park Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Boenning Scattergood restated a “buy” rating on shares of Park Hotels & Resorts in a report on Monday, November 6th. Finally, Nomura raised their price objective on Park Hotels & Resorts from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, November 6th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.87.

Shares of Park Hotels & Resorts Inc. (PK) traded down $0.07 during midday trading on Tuesday, hitting $28.74. The stock had a trading volume of 1,803,900 shares, compared to its average volume of 1,987,703. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.26 and a quick ratio of 1.26. Park Hotels & Resorts Inc. has a 12 month low of $24.65 and a 12 month high of $33.40.

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

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Park Hotels & Resorts 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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