Park Hotels & Resorts Inc (NYSE: PK) is -7.18% lower on its value in year-to-date trading and has touched a low of $12.80 and a high of $17.56 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 $13.10 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $13.06, the stock is -3.65% and -8.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing -0.31% at the moment leaves the stock -9.37% off its SMA200. PK registered -11.74% loss for a year compared to 6-month gain of -1.58%. The firm has a 50-day simple moving average (SMA 50) of $14.505 and a 200-day simple moving average (SMA200) of $14.7826.
The stock witnessed a -7.96% loss in the last 1 month and extending the period to 3 months gives it a -3.00%, and is -2.17% 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 2.16% over the week and 2.40% over the month.
Park Hotels & Resorts Inc (PK) has around 90 employees, a market worth around $2.70B and $2.63B in sales. Current P/E ratio is 8.28 and Fwd P/E is 14.61. Profit margin for the company is 12.66%. Distance from 52-week low is 2.03% and -25.62% from its 52-week high. The company has generated returns on investments over the last 12 months (3.90%).
with sales reaching $609.13M over the same period.The EPS is expected to grow by 66.27% this year, but quarterly earnings will post -4.24% year-over-year. Quarterly sales are estimated to shrink -7.29% in year-over-year returns.
512.0 institutions hold shares in Park Hotels & Resorts Inc (PK), with institutional investors hold 102.64% of the company’s shares. The shares outstanding are 206.40M, and float is at 200.85M with Short Float at 9.73%. Institutions hold 100.98% 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.
