Park Hotels & Resorts Inc (PK) Stock Could Soon Reward Patient Investors

Park Hotels & Resorts Inc (NYSE: PK) is -0.72% lower on its value in year-to-date trading and has touched a low of $9.74 and a high of $16.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PK stock was last observed hovering at around $15.26 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $15.19, the stock is -2.72% and 0.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.09 million and changing -0.46% at the moment leaves the stock 20.82% off its SMA200. PK registered 17.02% gain for a year compared to 6-month gain of 24.81%. The firm has a 50-day simple moving average (SMA 50) of $2.66 and a 200-day simple moving average (SMA200) of $10.50.

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The stock witnessed a -6.58% loss in the last 1 month and extending the period to 3 months gives it a 27.88%, and is -0.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.19% over the week and 2.63% over the month.

Park Hotels & Resorts Inc (PK) has around Dec 28 2023 employees, a market worth around $3.19B and $2.71B in sales. Current P/E ratio is 32.39 and Fwd P/E is 18.22. Profit margin for the company is 3.66%. Distance from 52-week low is 55.96% and -9.42% from its 52-week high. The company has generated returns on investments over the last 12 months (1.14%).

Park Hotels & Resorts Inc quarterly earnings per share for the current quarter are estimated at $0.12 with sales reaching $611.84M over the same period.The EPS is expected to grow by 47.22% this year. Quarterly sales are estimated to shrink -5.60% in year-over-year returns.

Park Hotels & Resorts Inc (PK) Top Institutional Holders

466 institutions hold shares in Park Hotels & Resorts Inc (PK), with institutional investors hold 100.51% of the company’s shares. The shares outstanding are 224.06M, and float is at 204.54M with Short Float at 8.68%. Institutions hold 99.10% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 32.76 million shares valued at $420.01 million. The investor’s holdings represent 15.19% of the PK Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 29.24 million shares valued at $374.87 million to account for 13.55% of the shares outstanding. The other top investors are State Street Corporation which holds 12.53 million shares representing 5.81% and valued at over $160.58 million, while Goldman Sachs Group Inc holds 5.27% of the shares totaling 11.36 million with a market value of $145.61 million.

Park Hotels & Resorts Inc (PK) Insider Activity

A total of 6 insider transactions have happened at Park Hotels & Resorts Inc (PK) in the last six months, with sales accounting for 1 and purchases happening 5 times. The most recent transaction is an insider sale by Garrett Geoffrey ,the company’sDirector. SEC filings show that Garrett Geoffrey sold 14,000 shares of the company’s common stock on Sep 14 at a price of $12.83 per share for a total of $0.18 million. Following the sale, the insider now owns 31777.0 shares.

Park Hotels & Resorts Inc (PK): Who are the competitors?

The company’s main competitors (and peers) include Host Hotels & Resorts Inc. (HST) that is trading 6.07% up over the past 12 months. Ryman Hospitality Properties Inc. (RHP) that is 22.68% higher over the same period.