Koss Olinger Consulting LLC Has $743,000 Position in Park Hotels & Resorts Inc. $PK

Koss Olinger Consulting LLC lowered its stake in shares of Park Hotels & Resorts Inc. (NYSE:PK) by 2.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 72,597 shares of the financial services provider’s stock after selling 1,483 shares during the period. Koss Olinger Consulting LLC’s holdings in Park Hotels & Resorts were worth $743,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Garland Capital Management Inc. acquired a new position in shares of Park Hotels & Resorts during the second quarter valued at about $212,000. Brighton Jones LLC acquired a new position in shares of Park Hotels & Resorts during the second quarter valued at about $367,000. MQS Management LLC acquired a new position in shares of Park Hotels & Resorts during the second quarter valued at about $329,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Park Hotels & Resorts during the second quarter valued at about $334,000. Finally, AlphaQuest LLC raised its position in shares of Park Hotels & Resorts by 173.2% during the second quarter. AlphaQuest LLC now owns 93,774 shares of the financial services provider’s stock valued at $959,000 after buying an additional 59,452 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Park Hotels & Resorts to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley reissued an “outperform” rating on shares of Park Hotels & Resorts in a research note on Tuesday, July 15th. Wall Street Zen cut shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. UBS Group upped their target price on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, Cantor Fitzgerald assumed coverage on shares of Park Hotels & Resorts in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Park Hotels & Resorts Price Performance

Shares of Park Hotels & Resorts stock opened at $11.31 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 41.87 and a beta of 1.83. Park Hotels & Resorts Inc. has a 1-year low of $8.27 and a 1-year high of $16.23. The firm’s 50-day moving average price is $11.44 and its two-hundred day moving average price is $10.80.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The firm had revenue of $672.00 million for the quarter, compared to analysts’ expectations of $672.37 million. Park Hotels & Resorts had a net margin of 2.25% and a return on equity of 0.76%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Park Hotels & Resorts has set its FY 2025 guidance at 1.820-2.080 EPS. On average, equities analysts predict that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current fiscal year.

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.