<div id="readability-page-1"><p>Donald Smith &amp; CO. Inc. raised its position in shares of  Park Hotels &amp; Resorts Inc. (NYSE:PK - Free Report) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The firm owned 12,044,177 shares of the financial services provider's stock after purchasing an additional 466,857 shares during the quarter. Park Hotels &amp; Resorts accounts for approximately  2.9% of Donald Smith &amp; CO. Inc.'s holdings, making the stock its 14th biggest position. Donald Smith &amp; CO. Inc. owned about 6.02% of Park Hotels &amp; Resorts worth $123,212,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Park Hotels &amp; Resorts</strong> alerts:</span></p></div><ul><li>3 Dividend Leaders Set for Strong Growth in 2025</li></ul><p>Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. grew its position in  Park Hotels &amp; Resorts by 359.3% during 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 during the period.  IFP Advisors Inc raised its position in  Park Hotels &amp; Resorts by 469.0% in the second quarter. IFP Advisors Inc now owns 3,465 shares of the financial services provider's stock worth $35,000 after acquiring an additional 2,856 shares during the period.  Allworth Financial LP boosted its stake in shares of  Park Hotels &amp; Resorts by 322.4% during the 2nd quarter. Allworth Financial LP now owns 3,920 shares of the financial services provider's stock worth $40,000 after acquiring an additional 2,992 shares during the last quarter.  Quarry LP grew its position in shares of  Park Hotels &amp; 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 during the period.  Finally, GAMMA Investing LLC grew its position in shares of  Park Hotels &amp; 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 during the period. Institutional investors own  92.69% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>Several research firms recently issued reports on PK. Wells Fargo &amp; Company reduced their target price on shares of Park Hotels &amp; Resorts from $12.00 to $11.00 and set an &#34;equal weight&#34; rating for the company in a report on Monday, December 1st. Evercore ISI decreased their price objective on shares of Park Hotels &amp; Resorts from $13.00 to $12.00 and set an &#34;in-line&#34; rating on the stock in a research report on Thursday, November 20th. Truist Financial lifted their target price on shares of Park Hotels &amp; Resorts from $11.00 to $12.00 and gave the company a &#34;hold&#34; rating in a research note on Thursday. UBS Group upped their target price on shares of Park Hotels &amp; Resorts from $10.00 to $11.00 and gave the stock a &#34;neutral&#34; rating in a report on Monday, October 6th. Finally, Weiss Ratings  reissued a &#34;sell (d+)&#34; rating on shares of Park Hotels &amp; Resorts in a report on Monday, December 1st. One investment analyst  has rated the stock with a Buy rating, seven have assigned  a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of &#34;Reduce&#34; and a consensus target price of $11.10.</p><ul><li>Top 3 REIT Picks for 2025: High Yields and Rising Earnings Ahead</li></ul><p><b>View Our Latest Analysis on PK</b></p><h2>Park Hotels &amp; Resorts Trading Up 0.5%</h2><p>Shares of PK stock opened at $10.53 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of -150.49 and a beta of 1.45. Park Hotels &amp; Resorts Inc. has a 12-month low of $8.27 and a 12-month high of $15.88. The stock's 50-day moving average price is $10.71 and its 200-day moving average price is $10.87. </p><ul><li>Packaging Corporation of America: Buy The Dip</li></ul><p>Park Hotels &amp; Resorts (NYSE:PK - Get Free Report) last posted its earnings results on Thursday, October 30th. The financial services provider reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08). Park Hotels &amp; Resorts had a negative net margin of 0.47% and a negative return on equity of 1.25%. The business had revenue of $610.00 million during the quarter, compared to analysts' expectations of $617.05 million. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. Park Hotels &amp; Resorts has set its FY 2025 guidance at 1.850-1.970 EPS.  Equities research analysts predict that  Park Hotels &amp; Resorts Inc. will post 2.11 EPS for the current fiscal year. </p><h2>Park Hotels &amp; Resorts Dividend Announcement</h2><p>The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.5%. Park Hotels &amp; Resorts's dividend payout ratio  is -1,428.57%. </p><h2>Park Hotels &amp; Resorts Company Profile</h2> (Free Report)<p>Park Hotels &amp; 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 &amp; Resorts, Hilton Hotels &amp; Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Park Hotels &amp; Resorts</li><li>3 Warren Buffett Stocks to Buy Now</li><li>Ulta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?</li><li>What Are Dividend Challengers?</li><li>Gates Foundation Sells MSFT Stock—Should Investors Be Worried?</li><li>What Are Dividend Champions? How to Invest in the Champions</li><li>MarketBeat Week in Review – 12/1 - 12/5</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBL?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBL"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Park Hotels &amp; Resorts Right Now?</h2><p>Before you consider Park Hotels &amp; Resorts, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Park Hotels &amp; Resorts wasn't on the list.</p><p>While Park Hotels &amp; Resorts currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Donald Smith & CO. Inc. increased its stake in Park Hotels & Resorts Inc. by 4% in Q2, owning 6.02% of the company. Analysts have mixed ratings, with a consensus target price of $11.10. PK stock opened at $10.53, with a market cap of $2.11 billion. The company reported Q3 earnings of $0.35 per share, missing estimates.</p>

Donald Smith & CO. Inc. Increases Stock Holdings in Park Hotels & Resorts Inc. $PK