Park Hotels & Resorts Inc. (NYSE:PK) has a beta value of 2.08 and has seen 1,942,033 shares traded in the recent trading session. The company, currently valued at $2.38 Billion, closed the recent trade at $10.08 per share which meant it lost $0 on the day or -0.3% during that session. The PK stock price is -178.08% off its 52-week high price of $28.03 and 60.42% above the 52-week low of $3.99. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.69 Million shares traded. The 3-month trading volume is 9.5 Million shares.
The consensus among analysts is that Park Hotels & Resorts Inc. (PK) is a Hold stock at the moment, with a recommendation rating of 3. 3 analysts rate the stock as a Sell, while 1 rate it as Overweight. 7 out of 15 have rated it as a Hold, with 3 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.86.
Park Hotels & Resorts Inc. (NYSE:PK) trade information
Despite being -2.02% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the PK stock price touched $10.26- or saw a rise of 4.39%. Year-to-date, Park Hotels & Resorts Inc. shares have moved -62.08%, while the 5-day performance has seen it change -7.1%. Over the past 30 days, the shares of Park Hotels & Resorts Inc. (NYSE:PK) have changed -0.2%. Short interest in the company has seen 13.55 Million shares shorted with days to cover at 1.43.
Park Hotels & Resorts Inc. (PK) estimates and forecasts
Figures show that Park Hotels & Resorts Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -61.66% over the past 6 months, with this year growth rate of -97.92%, compared to -4% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -315% and -2650% for the next quarter. Revenue growth from the last financial year stood is estimated to be -46.5%.
9 analysts offering their estimates for the company have set an average revenue estimate of $81.56 Million for the current quarter. 9 have an estimated revenue figure of $283.8 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $703Million for this quarter, and analysts expect sales will grow by -88.4% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +10.1% over the past 5 years. Earnings growth for 2020 is a modest -39.3% while over the next 5 years, the company’s earnings are expected to increase by -3.5%.
Park Hotels & Resorts Inc. is expected to release its next earnings report between July 29 and August 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.8 at a share yield of 20.25%.
Park Hotels & Resorts Inc. (NYSE:PK)’s Major holders
Insiders own 0.79% of the company shares, while shares held by institutions stand at 101.41% with a share float percentage of 102.21%. Investors are also buoyed by the number of investors in a company, with Park Hotels & Resorts Inc. having a total of 437 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 37.45 Million shares worth more than $296.25 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 15.9% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 30.83 Million shares as of March 30, 2020. The firm’s total holdings are worth over $243.9 Million and represent 13.09% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. As of January 30, 2020, the former fund manager holds about 5.01% shares in the company for having 11792808 shares of worth $258.73 Million while later fund manager owns 7.04 Million shares of worth $55.68 Million as of March 30, 2020, which makes it owner of about 2.99% of company’s outstanding stock.