Y Intercept Hong Kong Ltd Takes $414,000 Position in Park Hotels & Resorts Inc. $PK

Y Intercept Hong Kong Ltd acquired a new stake in Park Hotels & Resorts Inc. (NYSE:PK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 40,506 shares of the financial services provider’s stock, valued at approximately $414,000.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in Park Hotels & Resorts by 34.4% during the 1st quarter. Teacher Retirement System of Texas now owns 30,199 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 7,724 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Park Hotels & Resorts by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 475,417 shares of the financial services provider’s stock valued at $5,077,000 after acquiring an additional 2,088 shares during the period. M&T Bank Corp raised its stake in Park Hotels & Resorts by 54.8% in the 1st quarter. M&T Bank Corp now owns 75,070 shares of the financial services provider’s stock worth $801,000 after acquiring an additional 26,586 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Park Hotels & Resorts by 28.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 153,606 shares of the financial services provider’s stock worth $1,682,000 after acquiring an additional 34,110 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Park Hotels & Resorts by 15.0% in the first quarter. Cerity Partners LLC now owns 74,667 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 9,732 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Park Hotels & Resorts Trading Up 5.0%

Shares of NYSE:PK opened at $10.67 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.16 and a debt-to-equity ratio of 1.37. Park Hotels & Resorts Inc. has a 12-month low of $8.27 and a 12-month high of $16.23. The business has a 50 day moving average of $11.24 and a two-hundred day moving average of $10.84. The company has a market capitalization of $2.13 billion, a PE ratio of -152.47 and a beta of 1.84.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Park Hotels & Resorts had a negative return on equity of 1.25% and a negative net margin of 0.47%.The firm had revenue of $610.00 million for the quarter, compared to analyst estimates of $617.05 million. During the same period in the previous year, the business earned $0.49 EPS. Park Hotels & Resorts’s revenue for the quarter was down 6.0% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2025 guidance at 1.850-1.970 EPS. As a group, analysts forecast that Park Hotels & Resorts Inc. will post 2.11 EPS for the current year.

Park Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.4%. Park Hotels & Resorts’s payout ratio is presently -1,428.57%.

Analyst Ratings Changes

A number of research firms recently commented on PK. Wells Fargo & Company raised Park Hotels & Resorts to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Park Hotels & Resorts in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Citigroup lowered shares of Park Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $13.00 to $12.00 in a research note on Tuesday, September 9th. Finally, Morgan Stanley reissued an “outperform” rating on shares of Park Hotels & Resorts in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $11.20.

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.