Sculptor Capital LP Purchases New Holdings in Park Hotels & Resorts Inc. $PK

Sculptor Capital LP purchased a new stake in Park Hotels & Resorts Inc. (NYSE:PK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,571,849 shares of the financial services provider’s stock, valued at approximately $27,467,000. Sculptor Capital LP owned about 1.29% of Park Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Coldstream Capital Management Inc. boosted its holdings 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 purchasing an additional 813 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Park Hotels & Resorts by 2.2% in the first quarter. IFM Investors Pty Ltd now owns 48,266 shares of the financial services provider’s stock valued at $515,000 after purchasing an additional 1,043 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Park Hotels & Resorts by 3.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 32,929 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 1,139 shares during the last quarter. Tidal Investments LLC boosted its holdings in Park Hotels & Resorts by 6.3% in the fourth quarter. Tidal Investments LLC now owns 20,754 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 1,232 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Park Hotels & Resorts by 10.6% in the first quarter. Mackenzie Financial Corp now owns 12,905 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 1,239 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Stock Up 0.3%

PK opened at $11.79 on Friday. Park Hotels & Resorts Inc. has a 12 month low of $8.27 and a 12 month high of $16.23. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $2.36 billion, a P/E ratio of 43.67 and a beta of 1.80. The stock’s 50 day moving average price is $10.90 and its 200 day moving average price is $10.83.

Park Hotels & Resorts (NYSE:PK) last posted its earnings results on Thursday, July 31st. The financial services provider reported $0.64 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 firm had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $672.37 million. During the same period last year, the firm earned $0.65 EPS. The firm’s 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. 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.5%. The ex-dividend date is Tuesday, September 30th. Park Hotels & Resorts’s dividend payout ratio (DPR) is currently 370.37%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PK. Truist Financial cut Park Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price objective for the company from $16.00 to $11.00 in a research note on Friday, May 30th. Evercore ISI cut Park Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $13.00 price target on the stock. in a research report on Friday, May 16th. Morgan Stanley reiterated an “outperform” rating on shares of Park Hotels & Resorts in a research report on Tuesday, July 15th. Wall Street Zen cut Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. began coverage on Park Hotels & Resorts in a research report on Monday, June 23rd. They set an “underweight” rating and a $10.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.22.

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.