Park Hotels & Resorts Inc (NYSE: PK) is -7.78% 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 $14.10 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $14.11, the stock is -2.70% and -2.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.46 million and changing 0.07% at the moment leaves the stock -9.29% off its SMA200. PK registered 25.82% gain for a year compared to 6-month loss of -18.16%. The firm has a 50-day simple moving average (SMA 50) of $14.5158 and a 200-day simple moving average (SMA200) of $15.62135.
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The stock witnessed a -7.66% gain in the last 1 month and extending the period to 3 months gives it a -4.21%, and is -6.99% 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 3.32% over the week and 2.98% over the month.
Park Hotels & Resorts Inc (PK) has around 90 employees, a market worth around $2.95B and $2.66B in sales. Current P/E ratio is 9.77 and Fwd P/E is 15.86. Profit margin for the company is 11.50%. Distance from 52-week low is 40.28% and -21.83% from its 52-week high. The company has generated returns on investments over the last 12 months (3.59%).
with sales reaching $652.56M over the same period.The EPS is expected to grow by 70.68% this year. Quarterly sales are estimated to shrink -3.90% in year-over-year returns.
Park Hotels & Resorts Inc (PK) Top Institutional Holders
509.0 institutions hold shares in Park Hotels & Resorts Inc (PK), with institutional investors hold 103.64% of the company’s shares. The shares outstanding are 209.99M, and float is at 203.71M with Short Float at 8.17%. Institutions hold 102.01% 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.
