Park Hotels & Resorts Inc (NYSE: PK) is -10.65% lower on its value in year-to-date trading and has touched a low of $10.06 and a high of $18.05 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 $13.78 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $13.67, the stock is -6.02% and -6.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.87 million and changing -0.80% at the moment leaves the stock -11.69% off its SMA200. PK registered 15.34% gain for a year compared to 6-month loss of -21.07%.
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The stock witnessed a -0.94% gain in the last 1 month and extending the period to 3 months gives it a -6.56%, and is -5.33% 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 2.50% over the week and 2.47% over the month.
Park Hotels & Resorts Inc (PK) has around 90 employees, a market worth around $2.86B and $2.66B in sales. Current P/E ratio is 9.46 and Fwd P/E is 15.36. Profit margin for the company is 11.50%. Distance from 52-week low is 35.91% and -24.27% from its 52-week high. The company has generated returns on investments over the last 12 months (3.59%).
The EPS is expected to grow by 70.68% this year
513.0 institutions hold shares in Park Hotels & Resorts Inc (PK), with institutional investors hold 103.69% of the company’s shares. The shares outstanding are 209.99M, and float is at 203.72M with Short Float at 9.55%. Institutions hold 102.06% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 32.67 million shares valued at $489.39 million. The investor’s holdings represent 15.6314 of the PK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 27.44 million shares valued at $411.12 million to account for 13.1314 of the shares outstanding. The other top investors are STATE STREET CORP which holds 11.37 million shares representing 5.4425 and valued at over $173.19 million, while GOLDMAN SACHS GROUP INC holds 3.4954 of the shares totaling 7.31 million with a market value of $109.44 million.
Park Hotels & Resorts Inc (PK) Insider Activity
The most recent transaction is an insider purchase by ECKERT THOMAS D, the company’s Director. SEC filings show that ECKERT THOMAS D bought 30,000 shares of the company’s common stock on May 09 ’24 at a price of $15.79 per share for a total of $0.47 million. Following the purchase, the insider now owns 0.14 million shares.
Park Hotels & Resorts Inc disclosed in a document filed with the SEC on May 09 ’24 that Garrett Geoffrey (Director) sold a total of 1,255 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $15.86 per share for $19906.0. Following the transaction, the insider now directly holds 39190.0 shares of the PK stock.
Still, SEC filings show that on Sep 14 ’23, Garrett Geoffrey (Director) disposed off 14,000 shares at an average price of $12.83 for $0.18 million. The insider now directly holds 31,777 shares of Park Hotels & Resorts Inc (PK).
