Dynamic Technology Lab Private Ltd acquired a new position in shares of Park Hotels & Resorts Inc. (NYSE:PK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,221 shares of the financial services provider’s stock, valued at approximately $248,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Park Hotels & Resorts by 15.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,577,650 shares of the financial services provider’s stock worth $608,693,000 after acquiring an additional 2,963,035 shares in the last quarter. BlackRock Inc. raised its stake in shares of Park Hotels & Resorts by 57.5% during the 2nd quarter. BlackRock Inc. now owns 9,743,370 shares of the financial services provider’s stock worth $262,679,000 after acquiring an additional 3,558,810 shares in the last quarter. Cbre Clarion Securities LLC raised its stake in shares of Park Hotels & Resorts by 883.4% during the 2nd quarter. Cbre Clarion Securities LLC now owns 6,037,093 shares of the financial services provider’s stock worth $162,760,000 after acquiring an additional 5,423,181 shares in the last quarter. Lasalle Investment Management Securities LLC raised its stake in shares of Park Hotels & Resorts by 0.7% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 4,607,476 shares of the financial services provider’s stock worth $124,218,000 after acquiring an additional 32,606 shares in the last quarter. Finally, Southeastern Asset Management Inc. TN bought a new position in shares of Park Hotels & Resorts during the 2nd quarter worth approximately $110,520,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Shares of Park Hotels & Resorts Inc. (PK) opened at 28.16 on Tuesday. Park Hotels & Resorts Inc. has a 52-week low of $24.65 and a 52-week high of $33.40. The firm’s 50-day moving average is $27.86 and its 200 day moving average is $26.86. The stock has a market cap of $6.05 billion and a P/E ratio of 2.41.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The company had revenue of $733.00 million for the quarter, compared to analyst estimates of $716.51 million. Park Hotels & Resorts’s quarterly revenue was up 1.1% compared to the same quarter last year. Analysts forecast that Park Hotels & Resorts Inc. will post $12.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.72 dividend on an annualized basis and a yield of 6.11%.

TRADEMARK VIOLATION WARNING: This piece was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://theolympiareport.com/2017/10/31/dynamic-technology-lab-private-ltd-takes-248000-position-in-park-hotels-resorts-inc-pk.html.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Park Hotels & Resorts from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, July 11th. Boenning Scattergood set a $29.00 target price on shares of Park Hotels & Resorts and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Canaccord Genuity dropped their target price on shares of 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $34.80.

In related news, Director Stephen I. Sadove acquired 9,600 shares of the business’s stock in a transaction on Friday, August 4th. The shares were bought at an average price of $25.97 per share, with a total value of $249,312.00. Following the completion of the acquisition, the director now owns 20,151 shares in the company, valued at $523,321.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by company insiders.

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.

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

Receive News & Ratings for Park Hotels & Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Hotels & Resorts Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.