Chicago Partners Investment Group LLC Invests $113,000 in Park Hotels & Resorts Inc. $PK

Chicago Partners Investment Group LLC purchased a new position in shares of Park Hotels & Resorts Inc. (NYSE:PK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,009 shares of the financial services provider’s stock, valued at approximately $113,000.

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc grew its position in shares of Park Hotels & Resorts by 469.0% during the second quarter. IFP Advisors Inc now owns 3,465 shares of the financial services provider’s stock worth $35,000 after buying an additional 2,856 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Park Hotels & Resorts by 401.2% during the first quarter. GAMMA Investing LLC now owns 5,283 shares of the financial services provider’s stock worth $56,000 after buying an additional 4,229 shares in the last quarter. Quarry LP grew its position in shares of Park Hotels & Resorts by 186.6% during the first quarter. Quarry LP now owns 7,170 shares of the financial services provider’s stock worth $77,000 after buying an additional 4,668 shares in the last quarter. Spire Wealth Management grew its position in shares of Park Hotels & Resorts by 47.1% during the first quarter. Spire Wealth Management now owns 7,625 shares of the financial services provider’s stock worth $81,000 after buying an additional 2,440 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Park Hotels & Resorts by 29.9% during the second quarter. Signaturefd LLC now owns 9,964 shares of the financial services provider’s stock worth $102,000 after buying an additional 2,296 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Park Hotels & Resorts Stock Performance

PK stock opened at $11.07 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 41.01 and a beta of 1.83. Park Hotels & Resorts Inc. has a 1 year low of $8.27 and a 1 year high of $16.23. The stock’s fifty day moving average is $11.43 and its two-hundred day moving average is $10.78.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. Park Hotels & Resorts had a net margin of 2.25% and a return on equity of 0.76%. The business had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $672.37 million. During the same period in the previous year, the business earned $0.65 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. Park Hotels & Resorts has set its FY 2025 guidance at 1.820-2.080 EPS. On average, research analysts predict that Park Hotels & Resorts Inc. will post 2.11 EPS for the current year.

Analyst Upgrades and Downgrades

PK has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Wells Fargo & Company upgraded Park Hotels & Resorts to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Park Hotels & Resorts in a research note on Saturday. Wall Street Zen cut Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Finally, Citigroup cut Park Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $13.00 to $12.00 in a research note on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.00.

Park Hotels & Resorts Company Profile

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.