Focus Partners Advisor Solutions LLC Purchases New Shares in Park Hotels & Resorts Inc. $PK

Focus Partners Advisor Solutions LLC bought a new stake in Park Hotels & Resorts Inc. (NYSE:PK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,619 shares of the financial services provider’s stock, valued at approximately $334,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. IFM Investors Pty Ltd raised its holdings in shares of 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. Mackenzie Financial Corp raised its holdings in shares of 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. Vident Advisory LLC raised its holdings in shares of Park Hotels & Resorts by 11.2% in the first quarter. Vident Advisory LLC now owns 13,153 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 1,325 shares during the last quarter. EntryPoint Capital LLC raised its holdings in shares of Park Hotels & Resorts by 7.4% in the first quarter. EntryPoint Capital LLC now owns 19,889 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 1,367 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Park Hotels & Resorts by 10.7% in the first quarter. Cetera Investment Advisers now owns 14,999 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 1,455 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Morgan Stanley reiterated an “outperform” rating on shares of Park Hotels & Resorts in a report on Tuesday, July 15th. Wells Fargo & Company upgraded shares of Park Hotels & Resorts to a “hold” rating in a report on Friday, October 3rd. UBS Group raised their price objective on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Citigroup downgraded shares of Park Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $13.00 to $12.00 in a report on Tuesday, September 9th. Finally, Cantor Fitzgerald began coverage on shares of Park Hotels & Resorts in a report on Wednesday, October 1st. They set a “neutral” rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $11.20.

Park Hotels & Resorts Stock Down 2.3%

PK stock opened at $10.72 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 39.71 and a beta of 1.83. Park Hotels & Resorts Inc. has a fifty-two week low of $8.27 and a fifty-two week high of $16.23. The stock has a fifty day moving average of $11.42 and a 200-day moving average of $10.82.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $610.00 million for the quarter, compared to the consensus estimate of $617.05 million. Park Hotels & Resorts had a return on equity of 0.76% and a net margin of 2.25%.The firm’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. Park Hotels & Resorts has set its FY 2025 guidance at 1.850-1.970 EPS. As a group, equities research analysts predict that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current year.

Park Hotels & Resorts 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.