Matthew 25 Management Corp Boosts Stake in Park Hotels & Resorts Inc. $PK

Key Points

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Matthew 25 Management Corp increased its position in Park Hotels & Resorts Inc. (NYSE:PK - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,232,500 shares of the financial services provider's stock after buying an additional 132,500 shares during the period. Park Hotels & Resorts accounts for approximately 4.9% of Matthew 25 Management Corp's investment portfolio, making the stock its 8th biggest holding. Matthew 25 Management Corp owned about 0.62% of Park Hotels & Resorts worth $13,163,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PK. UMB Bank n.a. grew its stake in shares of 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 valued at $25,000 after buying an additional 1,395 shares during the period. Versant Capital Management Inc boosted its stake in Park Hotels & Resorts by 11,039.1% during the 1st quarter. Versant Capital Management Inc now owns 2,562 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 2,539 shares during the last quarter. Quarry LP acquired a new position in Park Hotels & Resorts during the 4th quarter valued at about $35,000. GF Fund Management CO. LTD. acquired a new position in Park Hotels & Resorts during the 4th quarter valued at about $53,000. Finally, GAMMA Investing LLC boosted its stake in Park Hotels & Resorts by 401.2% during the 1st quarter. GAMMA Investing LLC now owns 5,283 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 4,229 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Park Hotels & Resorts Stock Performance

Shares of Park Hotels & Resorts stock traded up $0.6650 during mid-day trading on Friday, hitting $11.8350. 4,233,420 shares of the stock were exchanged, compared to its average volume of 3,833,043. Park Hotels & Resorts Inc. has a 12 month low of $8.27 and a 12 month high of $16.23. The company has a 50-day simple moving average of $10.75 and a 200 day simple moving average of $10.88. 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 company has a market capitalization of $2.37 billion, a P/E ratio of 43.83 and a beta of 1.80.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $672.00 million for the quarter, compared to analysts' expectations of $672.37 million. During the same quarter last year, the firm earned $0.65 EPS. The company's quarterly revenue 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. Sell-side analysts anticipate that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Park Hotels & Resorts's payout ratio is 370.37%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup reiterated a "buy" rating on shares of Park Hotels & Resorts in a research note on Thursday, May 22nd. JPMorgan Chase & Co. assumed coverage on Park Hotels & Resorts in a research note on Monday, June 23rd. They set an "underweight" rating and a $10.00 price target for the company. Truist Financial downgraded Park Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price target for the company from $16.00 to $11.00 in a research note on Friday, May 30th. Evercore ISI downgraded Park Hotels & Resorts from an "outperform" rating to an "in-line" rating and set a $13.00 price target for the company. in a research note on Friday, May 16th. Finally, Wells Fargo & Company lifted their target price on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $12.11.

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.