Park Hotels & ResortsPK
Market Cap: $2.95B
About: Park Hotels & Resorts owns upper-upscale and luxury hotels with 23,428 rooms across 39 hotels in the United States. Park also has interests through joint ventures in another 2,665 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.
Employees: 90
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
12% more repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 123
0.51% more ownership
Funds ownership: 95.34% [Q1] → 95.85% (+0.51%) [Q2]
0% more funds holding
Funds holding: 350 [Q1] → 350 (+0) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 50
14% less capital invested
Capital invested by funds: $3.51B [Q1] → $3.02B (-$487M) [Q2]
81% less call options, than puts
Call options by funds: $2.2M | Put options by funds: $11.7M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Truist Securities Patrick Scholes 44% 1-year accuracy 16 / 36 met price target | 27%upside $18 | Buy Maintained | 4 Sept 2024 |
UBS Robin Farley 67% 1-year accuracy 8 / 12 met price target | 1%downside $14 | Neutral Maintained | 16 Aug 2024 |
Evercore ISI Group Richard Hightower 50% 1-year accuracy 1 / 2 met price target | 34%upside $19 | Outperform Maintained | 13 Aug 2024 |
Financial journalist opinion
Based on 3 articles about PK published over the past 30 days