BlackRock Amends Park Hotels & Resorts Stake (SC 13G/A)
Ticker: PK · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1617406
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Park Hotels & Resorts as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 23, 2024, indicating its ownership of Park Hotels & Resorts Inc. common stock as of December 31, 2023. This filing, an amendment number 9, updates BlackRock's passive investment position in Park Hotels & Resorts Inc. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in the company's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated passive ownership in Park Hotels & Resorts, providing transparency on a significant institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in Park Hotels & Resorts Inc., but this routine update doesn't suggest an immediate need for action. It's a data point for understanding institutional ownership.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Park Hotels & Resorts Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 9)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is Park Hotels & Resorts Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Park Hotels & Resorts Inc.' and 'Park Hotels & Resorts Inc. (Name of Issuer)'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of Park Hotels & Resorts Inc. is 700517105, as listed under the 'CUSIP Number' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Park Hotels & Resorts Inc. (PK).