85,784 Shares in Park Hotels & Resorts Inc. $PK Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new position in Park Hotels & Resorts Inc. (NYSE:PK) in the third quarter, HoldingsChannel.com reports. The firm purchased 85,784 shares of the financial services provider’s stock, valued at approximately $950,000.

Several other large investors also recently bought and sold shares of the company. Capital Fund Management S.A. lifted its position in shares of Park Hotels & Resorts by 39.1% during the second quarter. Capital Fund Management S.A. now owns 370,803 shares of the financial services provider’s stock worth $3,793,000 after purchasing an additional 104,307 shares in the last quarter. SAM Advisors LLC purchased a new position in shares of Park Hotels & Resorts in the third quarter valued at $2,212,000. Citigroup Inc. grew its holdings in Park Hotels & Resorts by 13.9% during the 3rd quarter. Citigroup Inc. now owns 1,636,353 shares of the financial services provider’s stock valued at $18,131,000 after purchasing an additional 199,405 shares in the last quarter. Squarepoint Ops LLC increased its stake in Park Hotels & Resorts by 370.3% during the 2nd quarter. Squarepoint Ops LLC now owns 432,535 shares of the financial services provider’s stock worth $4,425,000 after buying an additional 340,568 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Park Hotels & Resorts by 28.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 483,869 shares of the financial services provider’s stock worth $5,361,000 after buying an additional 106,662 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Park Hotels & Resorts Price Performance

Shares of PK stock opened at $10.57 on Tuesday. The firm has a market cap of $2.13 billion, a P/E ratio of -7.39 and a beta of 1.40. 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 firm has a fifty day moving average of $11.04 and a two-hundred day moving average of $10.96.

Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Thursday, February 19th. The financial services provider reported ($1.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($1.50). Park Hotels & Resorts had a negative net margin of 11.14% and a negative return on equity of 8.56%. The company had revenue of $629.00 million during the quarter, compared to analyst estimates of $621.79 million. During the same quarter last year, the company posted $0.39 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. As a group, research analysts anticipate that Park Hotels & Resorts Inc. will post 2.11 earnings per share 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. Shareholders 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 annualized dividend and a yield of 9.5%. Park Hotels & Resorts’s dividend payout ratio is presently -69.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. JPMorgan Chase & Co. boosted their price target on Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 3rd. Morgan Stanley set a $10.00 price target on Park Hotels & Resorts in a report on Friday, January 16th. Zacks Research upgraded Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, Cantor Fitzgerald lifted their price objective on Park Hotels & Resorts from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Park Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $11.67.

Insider Transactions at Park Hotels & Resorts

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

About Park Hotels & Resorts

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.