Park Hotels & Resorts Inc. $PK Shares Bought by SG Americas Securities LLC

Key Points

• SG Americas Securities boosted its stake in Park Hotels & Resorts by 223.9% in Q4 to 762,261 shares (worth about $7.97 million), while institutional investors now own roughly 92.69% of the stock.
• Park Hotels reported a large quarterly earnings miss (EPS of -$1.04 vs. $0.46 expected) with negative margins and ROE, but provided FY2026 guidance of 1.73–1.89 EPS and carries a consensus analyst rating of "Hold" with a $11.67 target.
• Insider activity and income: director Christie B. Kelly bought 2,949 shares, raising her stake to 150,501 shares, and the company declared a quarterly dividend of $0.25 (annualized $1.00) for a 9.5% yield (ex-dividend March 31).

SG Americas Securities LLC grew its stake in shares of Park Hotels & Resorts Inc. (NYSE:PK - Free Report) by 223.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 762,261 shares of the financial services provider's stock after buying an additional 526,901 shares during the period. SG Americas Securities LLC owned 0.38% of Park Hotels & Resorts worth $7,973,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Park Hotels & Resorts by 1.6% in the 3rd quarter. Bank of America Corp DE now owns 13,074,474 shares of the financial services provider's stock worth $144,865,000 after buying an additional 203,922 shares during the period. Donald Smith & CO. Inc. grew its position in Park Hotels & Resorts by 4.0% during the second quarter. Donald Smith & CO. Inc. now owns 12,044,177 shares of the financial services provider's stock valued at $123,212,000 after acquiring an additional 466,857 shares during the period. AQR Capital Management LLC increased its stake in Park Hotels & Resorts by 76.7% during the second quarter. AQR Capital Management LLC now owns 7,744,912 shares of the financial services provider's stock worth $79,230,000 after acquiring an additional 3,361,382 shares during the last quarter. Sculptor Capital LP increased its stake in Park Hotels & Resorts by 154.1% during the second quarter. Sculptor Capital LP now owns 6,534,153 shares of the financial services provider's stock worth $66,844,000 after acquiring an additional 3,962,304 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Park Hotels & Resorts by 29.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 4,447,474 shares of the financial services provider's stock worth $49,278,000 after purchasing an additional 1,023,400 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Christie B. Kelly bought 2,949 shares of Park Hotels & Resorts stock in a transaction dated Wednesday, January 14th. The shares were acquired at an average cost of $11.19 per share, with a total value of $32,999.31. Following the completion of the transaction, the director owned 150,501 shares in the company, valued at approximately $1,684,106.19. This trade represents a 2.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings lowered Park Hotels & Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, February 23rd. Wall Street Zen upgraded shares of Park Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Sunday, March 1st. JPMorgan Chase & Co. lifted their price target on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, February 3rd. Barclays assumed coverage on shares of Park Hotels & Resorts in a research note on Tuesday, January 6th. They set an "overweight" rating and a $13.00 price objective for the company. Finally, Zacks Research raised shares of Park Hotels & Resorts from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Park Hotels & Resorts presently has a consensus rating of "Hold" and a consensus target price of $11.67.

Park Hotels & Resorts Price Performance

Shares of NYSE PK opened at $10.57 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.34 and a quick ratio of 1.34. Park Hotels & Resorts Inc. has a 1-year low of $8.27 and a 1-year high of $12.39. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -7.39 and a beta of 1.40. The business has a 50-day moving average of $11.04 and a 200-day moving average of $10.96.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last announced its earnings results on Thursday, February 19th. The financial services provider reported ($1.04) EPS for the quarter, missing the consensus estimate of $0.46 by ($1.50). The company had revenue of $629.00 million for the quarter, compared to analysts' expectations of $621.79 million. Park Hotels & Resorts had a negative net margin of 11.14% and a negative return on equity of 8.56%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. On average, equities analysts anticipate that Park Hotels & Resorts Inc. will post 2.11 EPS for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.5%. Park Hotels & Resorts's dividend payout ratio (DPR) is currently -69.93%.

Park Hotels & Resorts Profile

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company's primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.

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