Capital Fund Management S.A. Increases Holdings in Park Hotels & Resorts Inc. $PK

Key Points

• Capital Fund Management S.A. has increased its stake in Park Hotels & Resorts Inc. by 147.4%, acquiring a total of 266,496 shares valued at approximately $2.84 million.
• Several institutional investors have also boosted their positions in the company, including Donald Smith & CO. Inc., which increased its stake by 25.8%.
• Park Hotels & Resorts recently announced a quarterly dividend of $0.25 per share, representing an annualized yield of 8.4%, despite having a high dividend payout ratio of 370.37%.

Capital Fund Management S.A. grew its position in shares of Park Hotels & Resorts Inc. (NYSE:PK - Free Report) by 147.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266,496 shares of the financial services provider's stock after buying an additional 158,783 shares during the quarter. Capital Fund Management S.A. owned 0.13% of Park Hotels & Resorts worth $2,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. raised its holdings in Park Hotels & Resorts by 140.9% in the 1st quarter. UMB Bank n.a. now owns 2,385 shares of the financial services provider's stock worth $25,000 after purchasing an additional 1,395 shares during the period. Quarry LP bought a new position in Park Hotels & Resorts in the 4th quarter worth $35,000. Versant Capital Management Inc raised its holdings in Park Hotels & Resorts by 11,039.1% in the 1st quarter. Versant Capital Management Inc now owns 2,562 shares of the financial services provider's stock worth $27,000 after purchasing an additional 2,539 shares during the period. GF Fund Management CO. LTD. bought a new position in Park Hotels & Resorts in the 4th quarter worth $53,000. Finally, GAMMA Investing LLC raised its holdings in Park Hotels & Resorts by 401.2% in the 1st 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. 92.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PK has been the topic of a number of recent research reports. Citigroup reaffirmed a "buy" rating on shares of Park Hotels & Resorts in a report on Thursday, May 22nd. Morgan Stanley reissued an "outperform" rating on shares of Park Hotels & Resorts in a report on Tuesday, July 15th. Wall Street Zen cut Park Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Truist Financial cut Park Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their target price for the stock from $16.00 to $11.00 in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. began coverage on Park Hotels & Resorts in a report on Monday, June 23rd. They issued an "underweight" rating and a $10.00 target price on the stock. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $12.22.

Park Hotels & Resorts Trading Down 0.0%

PK traded down $0.01 on Friday, hitting $11.76. The company had a trading volume of 1,487,173 shares, compared to its average volume of 4,138,207. The company has a market cap of $2.35 billion, a PE ratio of 43.54 and a beta of 1.80. Park Hotels & Resorts Inc. has a 12-month low of $8.27 and a 12-month high of $16.23. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The business's fifty day simple moving average is $10.87 and its 200 day simple moving average is $10.84.

Park Hotels & Resorts (NYSE:PK - Get Free Report) 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. Park Hotels & Resorts had a return on equity of 0.76% and a net margin of 2.25%.The business had revenue of $672.00 million during the quarter, compared to analyst estimates of $672.37 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2025 guidance at 1.820-2.080 EPS. Equities research analysts expect that Park Hotels & Resorts Inc. will post 2.11 EPS for the current year.

Park Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Tuesday, September 30th. Park Hotels & Resorts's payout ratio is 370.37%.

About Park Hotels & Resorts

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.