Squarepoint Ops LLC Has $4.43 Million Stock Holdings in Park Hotels & Resorts Inc. $PK

Squarepoint Ops LLC increased its position in shares of Park Hotels & Resorts Inc. (NYSE:PK) by 370.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 432,535 shares of the financial services provider’s stock after acquiring an additional 340,568 shares during the period. Squarepoint Ops LLC owned about 0.22% of Park Hotels & Resorts worth $4,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of Park Hotels & Resorts during the 1st quarter valued at about $5,593,000. Capital Fund Management S.A. increased its holdings in Park Hotels & Resorts by 39.1% in 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 buying an additional 104,307 shares during the last quarter. Parallel Advisors LLC raised its position in Park Hotels & Resorts by 374.8% during the second quarter. Parallel Advisors LLC now owns 29,843 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 23,558 shares in the last quarter. Ethic Inc. raised its position in Park Hotels & Resorts by 179.5% during the second quarter. Ethic Inc. now owns 38,789 shares of the financial services provider’s stock valued at $408,000 after acquiring an additional 24,911 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in Park Hotels & Resorts in the second quarter valued at approximately $113,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Park Hotels & Resorts Stock Performance

Shares of PK opened at $11.01 on Tuesday. The company has a market capitalization of $2.20 billion, a PE ratio of -157.34 and a beta of 1.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.04 and a quick ratio of 1.04. Park Hotels & Resorts Inc. has a one year low of $8.27 and a one year high of $15.68. The company’s fifty day moving average price is $10.67 and its 200 day moving average price is $10.89.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings results 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). 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 negative net margin of 0.47% and a negative return on equity of 1.25%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. Park Hotels & Resorts has set its FY 2025 guidance at 1.850-1.970 EPS. As a group, analysts expect that Park Hotels & Resorts Inc. will post 2.11 earnings per share for the current year.

Park Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.00 annualized dividend and a yield of 9.1%. Park Hotels & Resorts’s dividend payout ratio is presently -1,428.57%.

Wall Street Analyst Weigh In

PK has been the topic of several analyst reports. UBS Group increased their price target on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Evercore ISI decreased their price objective on shares of Park Hotels & Resorts from $13.00 to $12.00 and set an “in-line” rating for the company in a report on Thursday, November 20th. Truist Financial raised their target price on Park Hotels & Resorts from $11.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, December 4th. 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 research report on Tuesday, September 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Park Hotels & Resorts in a report on Monday, December 8th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $11.10.

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.