UBS boosted its stake in Park Hotels & Resorts by over 300%, despite the company missing earnings estimates.
UBS Asset Management Americas LLC significantly increased its holdings in Park Hotels & Resorts Inc. by 321.6% in the third quarter, now owning 1,409,574 shares. Despite this, Park Hotels & Resorts reported a $0.26 EPS, missing estimates by $0.21, and has a market cap of $3.25 billion. The company also announced a quarterly dividend of $0.65 per share, up from $0.25 previously, with institutional investors owning 92.69% of the stock. Analysts have a mixed outlook, with an average "Hold" rating and a consensus target price of $18.23.
4 months ago
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