Park Hotels & Resorts Inc. [PK] gain 3.82% so far this year. What now?

Park Hotels & Resorts Inc. [NYSE: PK] closed the trading session at $12.24 on 03/16/23. The day’s price range saw the stock hit a low of $11.805, while the highest price level was $12.38. The company report on March 15, 2023 that Park Hotels & Resorts Inc. Announces First Quarter Dividend of $0.15 Per Share.

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Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements related to Park’s current expectations regarding the performance of its business, financial results, liquidity and capital resources, including anticipated repayment of certain of the Company’s indebtedness, the completion of capital allocation priorities, the expected repurchase of the Company’s stock, the impact to the Company’s business and financial condition and that of its hotel management companies, the impact from macroeconomic factors (including inflation, increases in interest rates, potential economic slowdown or a recession and geopolitical conflicts), the effects of competition and the effects of future legislation or regulations, the expected completion of anticipated dispositions, the declaration and payment of future dividends and other non-historical statements. Forward-looking statements include all statements that are not historical facts, and in some cases, can be identified by the use of forward-looking terminology such as the words “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “hopes” or the negative version of these words or other comparable words. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could materially affect its results of operations, financial condition, cash flows, performance or future achievements or events.

The stocks have a year to date performance of 3.82 percent and weekly performance of -6.35 percent. The stock has been moved at -13.79 percent over the last six months. The stock has performed -15.93 percent around the most recent 30 days and changed -2.90 percent over the most recent 3-months.

If compared to the average trading volume of 3.35M shares, PK reached to a volume of 4914233 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Park Hotels & Resorts Inc. [PK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PK shares is $16.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PK stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Park Hotels & Resorts Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 05, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $20 to $17. The new note on the price target was released on August 29, 2022, representing the official price target for Park Hotels & Resorts Inc. stock. Previously, the target price had yet another drop from $21 to $18, while BMO Capital Markets kept a Market Perform rating on PK stock.

The Average True Range (ATR) for Park Hotels & Resorts Inc. is set at 0.48, with the Price to Sales ratio for PK stock in the period of the last 12 months amounting to 1.14. The Price to Book ratio for the last quarter was 0.63, with the Price to Cash per share for the same quarter was set at 3.89. Price to Free Cash Flow for PK in the course of the last twelve months was 12.08.

PK stock trade performance evaluation

Park Hotels & Resorts Inc. [PK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.35. With this latest performance, PK shares dropped by -15.93% in over the last four-week period, additionally sinking by -13.79% over the last 6 months – not to mention a drop of -33.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PK stock in for the last two-week period is set at 32.90, with the RSI for the last a single of trading hit 27.08, and the three-weeks RSI is set at 37.95 for Park Hotels & Resorts Inc. [PK]. The present Moving Average for the last 50 days of trading for this stock 13.50, while it was recorded at 12.34 for the last single week of trading, and 13.59 for the last 200 days.

Park Hotels & Resorts Inc. [PK]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Park Hotels & Resorts Inc. [PK] shares currently have an operating margin of +11.32 and a Gross Margin at +16.95. Park Hotels & Resorts Inc.’s Net Margin is presently recorded at +6.48.

Return on Equity for this stock inclined to 3.69, with Return on Assets sitting at 1.66.

Park Hotels & Resorts Inc. [PK]: Insider Ownership positions

There are presently around $2,524 million, or 92.70% of PK stock, in the hands of institutional investors. The top three institutional holders of PK stocks are: VANGUARD GROUP INC with ownership of 32,646,266, which is approximately 2.269% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 29,935,261 shares of the stock with an approximate value of $366.41 million in PK stocks shares; and STATE STREET CORP, currently with $157.08 million in PK stock with ownership of nearly 2.24% of the company’s market capitalization.

Positions in Park Hotels & Resorts Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 160 institutional holders increased their position in Park Hotels & Resorts Inc. [NYSE:PK] by around 23,806,397 shares. Additionally, 150 investors decreased positions by around 22,186,111 shares, while 41 investors held positions by with 160,212,638 shares. The mentioned changes placed institutional holdings at 206,205,146 shares, according to the latest SEC report filing. PK stock had 44 new institutional investments in for a total of 2,793,654 shares, while 44 institutional investors sold positions of 5,211,692 shares during the same period.


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