Universal Beteiligungs und Servicegesellschaft mbH Has $3.86 Million Position in Park Hotels & Resorts Inc. $PK

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of Park Hotels & Resorts Inc. (NYSE:PK) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 377,207 shares of the financial services provider’s stock after selling 33,701 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.19% of Park Hotels & Resorts worth $3,859,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in Park Hotels & Resorts by 359.3% in the second quarter. Bessemer Group Inc. now owns 3,082 shares of the financial services provider’s stock valued at $32,000 after buying an additional 2,411 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Park Hotels & Resorts by 469.0% during the second quarter. IFP Advisors Inc now owns 3,465 shares of the financial services provider’s stock worth $35,000 after buying an additional 2,856 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Park Hotels & Resorts by 322.4% in the 2nd quarter. Allworth Financial LP now owns 3,920 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 2,992 shares during the last quarter. Quarry LP boosted its holdings in shares of Park Hotels & Resorts by 186.6% during the 1st quarter. Quarry LP now owns 7,170 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 4,668 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Park Hotels & Resorts by 71.7% during the 2nd quarter. GAMMA Investing LLC now owns 9,072 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 3,789 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Park Hotels & Resorts Trading Up 6.5%

NYSE PK opened at $10.48 on Friday. The firm has a market capitalization of $2.09 billion, a PE ratio of -149.71 and a beta of 1.84. The business’s 50-day moving average price is $10.94 and its two-hundred day moving average price is $10.87. The company has a current ratio of 1.04, a quick ratio of 1.04 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.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.35 earnings per share (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 company had revenue of $610.00 million for the quarter, compared to the consensus estimate of $617.05 million. During the same quarter last year, the business earned $0.49 earnings per share. Park Hotels & Resorts’s revenue 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. On average, analysts expect that Park Hotels & Resorts Inc. will post 2.11 EPS for the current year.

Park Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.25 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.5%. Park Hotels & Resorts’s payout ratio is -1,428.57%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PK. Cantor Fitzgerald started coverage on Park Hotels & Resorts in a report on Wednesday, October 1st. They issued a “neutral” rating and a $12.00 target price for the company. Citigroup cut Park Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $13.00 to $12.00 in a report on Tuesday, September 9th. UBS Group upped their price objective on Park Hotels & Resorts from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Park Hotels & Resorts in a research report on Wednesday. Finally, Evercore ISI reduced their target price on shares of Park Hotels & Resorts from $13.00 to $12.00 and set an “in-line” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $11.10.

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.