Capital Fund Management S.A. Has $3.79 Million Stake in Park Hotels & Resorts Inc. $PK

Capital Fund Management S.A. increased its stake in Park Hotels & Resorts Inc. (NYSE:PK) by 39.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 370,803 shares of the financial services provider’s stock after purchasing an additional 104,307 shares during the quarter. Capital Fund Management S.A. owned approximately 0.19% of Park Hotels & Resorts worth $3,793,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. grew its holdings in Park Hotels & Resorts by 25.8% during the first quarter. Donald Smith & CO. Inc. now owns 11,577,320 shares of the financial services provider’s stock valued at $123,646,000 after purchasing an additional 2,377,195 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Park Hotels & Resorts by 89.8% during the 1st quarter. AQR Capital Management LLC now owns 4,383,530 shares of the financial services provider’s stock worth $46,378,000 after buying an additional 2,073,721 shares during the period. H 2 Credit Manager LP grew its stake in Park Hotels & Resorts by 13.9% in the 1st quarter. H 2 Credit Manager LP now owns 3,903,750 shares of the financial services provider’s stock valued at $41,692,000 after buying an additional 475,000 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Park Hotels & Resorts by 8.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 3,424,074 shares of the financial services provider’s stock worth $35,028,000 after acquiring an additional 273,098 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Park Hotels & Resorts by 9.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,195,453 shares of the financial services provider’s stock worth $34,127,000 after acquiring an additional 286,470 shares during the period. Institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Trading Down 0.4%

Shares of PK opened at $10.58 on Wednesday. The stock’s 50-day moving average price is $10.76 and its 200 day moving average price is $10.87. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -151.07 and a beta of 1.45. Park Hotels & Resorts Inc. has a 12-month low of $8.27 and a 12-month high of $16.23.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $610.00 million during the quarter, compared to the consensus estimate of $617.05 million. Park Hotels & Resorts had a negative return on equity of 1.25% and a negative net margin of 0.47%.Park Hotels & Resorts’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. Park Hotels & Resorts has set its FY 2025 guidance at 1.850-1.970 EPS. As a group, research analysts predict that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current year.

Park Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.5%. Park Hotels & Resorts’s payout ratio is currently -1,428.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Evercore ISI decreased their price target on shares of Park Hotels & Resorts from $13.00 to $12.00 and set an “in-line” rating for the company in a report on Thursday, November 20th. UBS Group boosted their price objective on 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 lowered their target price on Park Hotels & Resorts from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday. Cantor Fitzgerald began coverage on Park Hotels & Resorts in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $12.00 price target on the stock. Finally, Citigroup cut Park Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $13.00 to $12.00 in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $11.00.

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.