EntryPoint Capital LLC Acquires Shares of 18,522 Park Hotels & Resorts Inc. (NYSE:PK)

EntryPoint Capital LLC bought a new position in shares of Park Hotels & Resorts Inc. (NYSE:PK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,522 shares of the financial services provider’s stock, valued at approximately $261,000.

Several other large investors also recently modified their holdings of the business. XTX Topco Ltd boosted its holdings in Park Hotels & Resorts by 420.7% in the third quarter. XTX Topco Ltd now owns 89,168 shares of the financial services provider’s stock valued at $1,257,000 after acquiring an additional 72,044 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Park Hotels & Resorts by 321.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,409,574 shares of the financial services provider’s stock valued at $19,875,000 after purchasing an additional 1,075,255 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Park Hotels & Resorts by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 3,488,097 shares of the financial services provider’s stock valued at $49,182,000 after buying an additional 540,920 shares during the period. Northeast Financial Group Inc. raised its stake in Park Hotels & Resorts by 34.4% in the fourth quarter. Northeast Financial Group Inc. now owns 124,674 shares of the financial services provider’s stock worth $1,754,000 after buying an additional 31,928 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in Park Hotels & Resorts in the third quarter worth about $768,000. 92.69% of the stock is owned by institutional investors.

Park Hotels & Resorts Stock Down 2.3 %

Shares of Park Hotels & Resorts stock opened at $10.90 on Friday. The company has a 50-day simple moving average of $12.48 and a two-hundred day simple moving average of $13.83. The stock has a market capitalization of $2.20 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.51 and a beta of 2.02. Park Hotels & Resorts Inc. has a 52-week low of $10.84 and a 52-week high of $17.87. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.51 and a current ratio of 1.19.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.16%. The firm had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $609.05 million. On average, analysts anticipate that Park Hotels & Resorts Inc. will post 2.11 EPS for the current fiscal year.

Park Hotels & Resorts Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.18%. Park Hotels & Resorts’s dividend payout ratio (DPR) is presently 99.01%.

Analysts Set New Price Targets

A number of research firms have weighed in on PK. UBS Group reduced their target price on Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group reduced their price target on Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company lowered their price objective on Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Truist Financial dropped their target price on shares of Park Hotels & Resorts from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Finally, StockNews.com lowered shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Park Hotels & Resorts currently has a consensus rating of “Hold” and an average price target of $17.72.

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.