Park Hotels & Resorts Inc (PK) Shares Bought by Omnia Family Wealth LLC

Omnia Family Wealth LLC boosted its holdings in Park Hotels & Resorts Inc (NYSE:PK) by 172.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,025 shares of the financial services provider’s stock after acquiring an additional 3,178 shares during the period. Omnia Family Wealth LLC’s holdings in Park Hotels & Resorts were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of PK. State Street Corp increased its position in Park Hotels & Resorts by 137.0% during the 2nd quarter. State Street Corp now owns 3,664,272 shares of the financial services provider’s stock worth $98,791,000 after buying an additional 2,118,313 shares during the period. Northern Trust Corp increased its position in Park Hotels & Resorts by 181.1% during the 2nd quarter. Northern Trust Corp now owns 1,607,804 shares of the financial services provider’s stock worth $43,346,000 after buying an additional 1,035,870 shares during the period. JPMorgan Chase & Co. increased its position in Park Hotels & Resorts by 18.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,507,881 shares of the financial services provider’s stock worth $179,554,000 after buying an additional 1,019,139 shares during the period. Aperio Group LLC increased its position in Park Hotels & Resorts by 230.3% during the 3rd quarter. Aperio Group LLC now owns 1,365,394 shares of the financial services provider’s stock worth $37,630,000 after buying an additional 951,959 shares during the period. Finally, First Quadrant L P CA bought a new position in Park Hotels & Resorts during the 3rd quarter worth $20,216,000. Institutional investors and hedge funds own 99.62% of the company’s stock.

Several research firms have weighed in on PK. Zacks Investment Research cut Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, December 30th. SunTrust Banks upgraded Park Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Evercore ISI upgraded Park Hotels & Resorts from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Nomura increased their target price on Park Hotels & Resorts from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Park Hotels & Resorts in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $36.08.

Shares of Park Hotels & Resorts Inc (PK) opened at $28.01 on Monday. Park Hotels & Resorts Inc has a 1-year low of $24.65 and a 1-year high of $29.93. 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 released its earnings results on Thursday, November 2nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. The company had revenue of $688.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. sell-side analysts anticipate that Park Hotels & Resorts Inc will post 2.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.55 per share. This is a positive change from Park Hotels & Resorts’s previous quarterly dividend of $0.43. This represents a $2.20 annualized dividend and a dividend yield of 7.85%. The ex-dividend date was Thursday, December 28th.

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About Park Hotels & Resorts

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)

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