Mutual of America Capital Management LLC Sells 6,825 Shares of Park Hotels & Resorts Inc. $PK

Mutual of America Capital Management LLC trimmed its holdings in shares of Park Hotels & Resorts Inc. (NYSE:PK) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,408 shares of the financial services provider’s stock after selling 6,825 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Park Hotels & Resorts were worth $1,017,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PK. IFP Advisors Inc lifted its position in shares of Park Hotels & Resorts by 469.0% during the 2nd quarter. IFP Advisors Inc now owns 3,465 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 2,856 shares during the period. GAMMA Investing LLC lifted its position in 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 purchasing an additional 4,229 shares during the period. Quarry LP lifted its position in 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 purchasing an additional 4,668 shares during the period. Spire Wealth Management grew its stake in 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, Kestra Investment Management LLC bought a new position in Park Hotels & Resorts in the 1st quarter valued at about $103,000. Institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

PK has been the topic of a number of recent analyst reports. Citigroup cut Park Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the company from $13.00 to $12.00 in a research report on Tuesday, September 9th. Cantor Fitzgerald assumed coverage on shares of Park Hotels & Resorts in a research note on Wednesday, October 1st. They set a “neutral” rating and a $12.00 price target for the company. Wall Street Zen lowered shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Park Hotels & Resorts in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company raised shares of Park Hotels & Resorts to a “hold” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Park Hotels & Resorts has a consensus rating of “Hold” and an average price target of $12.00.

Park Hotels & Resorts Stock Performance

Shares of Park Hotels & Resorts stock opened at $11.31 on Tuesday. The business’s fifty day simple moving average is $11.44 and its 200 day simple moving average is $10.80. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.35. Park Hotels & Resorts Inc. has a 12 month low of $8.27 and a 12 month high of $16.23. The firm has a market capitalization of $2.26 billion, a P/E ratio of 41.87 and a beta of 1.83.

Park Hotels & Resorts (NYSE:PK) last announced its earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $672.00 million during the quarter, compared to analyst estimates of $672.37 million. Park Hotels & Resorts had a return on equity of 0.76% and a net margin of 2.25%.The business’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. Park Hotels & Resorts has set its FY 2025 guidance at 1.820-2.080 EPS. As a group, analysts anticipate that Park Hotels & Resorts Inc. will post 2.11 EPS for the current year.

Park Hotels & Resorts 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.