Park Hotels & Resorts Inc. (NYSE:PK) Position Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in Park Hotels & Resorts Inc. (NYSE:PK) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,910 shares of the financial services provider’s stock after selling 7,668 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Park Hotels & Resorts worth $1,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PK. Blue Zone Wealth Advisors LLC lifted its holdings in shares of Park Hotels & Resorts by 0.4% during the second quarter. Blue Zone Wealth Advisors LLC now owns 252,737 shares of the financial services provider’s stock valued at $3,786,000 after purchasing an additional 883 shares during the last quarter. Arizona State Retirement System raised its holdings in Park Hotels & Resorts by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 58,940 shares of the financial services provider’s stock worth $883,000 after buying an additional 1,232 shares during the period. Bfsg LLC lifted its stake in Park Hotels & Resorts by 8.7% during the third quarter. Bfsg LLC now owns 15,440 shares of the financial services provider’s stock valued at $218,000 after buying an additional 1,235 shares in the last quarter. Kendall Capital Management boosted its holdings in shares of Park Hotels & Resorts by 11.0% in the second quarter. Kendall Capital Management now owns 15,095 shares of the financial services provider’s stock worth $226,000 after buying an additional 1,500 shares during the period. Finally, United Services Automobile Association increased its position in shares of Park Hotels & Resorts by 10.5% in the second quarter. United Services Automobile Association now owns 15,826 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 1,509 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

Park Hotels & Resorts Stock Up 3.0 %

PK opened at $15.50 on Tuesday. The company has a market capitalization of $3.20 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 0.83 and a beta of 2.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.51 and a quick ratio of 1.51. Park Hotels & Resorts Inc. has a fifty-two week low of $13.23 and a fifty-two week high of $18.05. The business has a 50-day moving average of $14.43 and a 200-day moving average of $14.73.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.21). The business had revenue of $649.00 million for the quarter, compared to the consensus estimate of $646.15 million. Park Hotels & Resorts had a net margin of 12.66% and a return on equity of 9.63%. Park Hotels & Resorts’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. Equities research analysts forecast that Park Hotels & Resorts Inc. will post 2.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Evercore ISI reduced their price target on shares of Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. StockNews.com cut Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. UBS Group lifted their price target on Park Hotels & Resorts from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Truist Financial reduced their price objective on Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Finally, Wolfe Research cut Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.09.

About Park Hotels & Resorts

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.