Park Hotels & Resorts Inc (NYSE: PK) is -14.64% lower on its value in year-to-date trading and has touched a low of $12.23 and a high of $17.49 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 $12.28 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $12.01, the stock is -6.03% and -10.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.19 million and changing -2.20% at the moment leaves the stock -15.06% off its SMA200. PK registered -25.74% loss for a year compared to 6-month loss of -17.08%.
The stock witnessed a -10.91% gain in the last 1 month and extending the period to 3 months gives it a -19.62%, and is -4.30% 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 3.06% over the week and 2.55% over the month.
Park Hotels & Resorts Inc (PK) has around 91 employees, a market worth around $2.43B and $2.60B in sales. Current P/E ratio is 11.82 and Fwd P/E is 15.29. Profit margin for the company is 8.16%. Distance from 52-week low is -1.80% and -31.33% from its 52-week high. The company has generated returns on investments over the last 12 months (2.53%).
with sales reaching $626.2M over the same period.The EPS is expected to shrink by -30.56% this year, but quarterly earnings will post 1.27% year-over-year. Quarterly sales are estimated to shrink -2.00% in year-over-year returns.
Park Hotels & Resorts Inc (PK) Top Institutional Holders
The shares outstanding are 202.55M, and float is at 196.34M with Short Float at 10.18%.
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
A total of 0 insider transactions have happened at Park Hotels & Resorts Inc (PK) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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.
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 -23.40% down over the past 12 months. Ryman Hospitality Properties Inc. (RHP) that is -17.17% lower over the same period.
