Tudor Investment Corp ET AL Has $830,000 Stake in Park Hotels & Resorts Inc. (NYSE:PK)

Tudor Investment Corp ET AL raised its holdings in shares of Park Hotels & Resorts Inc. (NYSE:PK - Free Report) by 124.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,961 shares of the financial services provider's stock after buying an additional 32,692 shares during the quarter. Tudor Investment Corp ET AL's holdings in Park Hotels & Resorts were worth $830,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Park Hotels & Resorts in the 4th quarter valued at $35,000. Coldstream Capital Management Inc. boosted its position in Park Hotels & Resorts by 7.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 11,931 shares of the financial services provider's stock valued at $168,000 after buying an additional 813 shares in the last quarter. Two Sigma Securities LLC bought a new stake in Park Hotels & Resorts during the fourth quarter worth about $184,000. Nebula Research & Development LLC boosted its holdings in shares of Park Hotels & Resorts by 26.0% in the 4th quarter. Nebula Research & Development LLC now owns 35,399 shares of the financial services provider's stock worth $498,000 after acquiring an additional 7,305 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Park Hotels & Resorts by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 273,233 shares of the financial services provider's stock worth $3,845,000 after acquiring an additional 30,325 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

Analysts Set New Price Targets

PK has been the topic of several research analyst reports. UBS Group decreased their target price on Park Hotels & Resorts from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group cut shares of Park Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $19.00 to $10.00 in a research report on Wednesday, April 9th. Wells Fargo & Company reduced their target price on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Truist Financial lowered their price target on shares of Park Hotels & Resorts from $18.00 to $16.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, Bank of America downgraded Park Hotels & Resorts from a "neutral" rating to an "underperform" rating and set a $11.00 price objective on the stock. in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Park Hotels & Resorts presently has an average rating of "Hold" and a consensus price target of $14.60.

Park Hotels & Resorts Trading Down 0.4 %

PK traded down $0.04 during midday trading on Friday, reaching $10.37. 3,490,456 shares of the company were exchanged, compared to its average volume of 3,369,998. The stock has a market capitalization of $2.09 billion, a P/E ratio of 10.27, a PEG ratio of 1.51 and a beta of 1.75. Park Hotels & Resorts Inc. has a one year low of $8.27 and a one year high of $16.58. The stock's 50-day simple moving average is $10.48 and its 200 day simple moving average is $12.84. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.51 and a current ratio of 1.19.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. The business had revenue of $630.00 million for the quarter, compared to analyst estimates of $620.17 million. Park Hotels & Resorts had a net margin of 8.16% and a return on equity of 5.63%. Park Hotels & Resorts's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. As a group, analysts forecast that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 9.64%. Park Hotels & Resorts's dividend payout ratio is presently 169.49%.

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.