Park Hotels & Resorts
About: Park Hotels & Resorts owns upper-upscale and luxury hotels with 23,068 rooms across 38 hotels in the United States. Park also has interests through joint ventures in another 2,271 rooms in three US 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 US hotels to focus on high-quality assets in domestic gateway markets.
Employees: 90
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
6% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 121
3% less funds holding
Funds holding: 351 [Q2] → 341 (-10) [Q3]
3.03% less ownership
Funds ownership: 97.48% [Q2] → 94.45% (-3.03%) [Q3]
9% less capital invested
Capital invested by funds: $3.08B [Q2] → $2.79B (-$290M) [Q3]
16% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 62
50% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]
86% less call options, than puts
Call options by funds: $2.12M | Put options by funds: $15.3M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Compass Point Floris Van Dijkum 85% 1-year accuracy 17 / 20 met price target | 38%upside $20 | Buy Maintained | 31 Oct 2024 |
B of A Securities Shaun Kelley 69% 1-year accuracy 9 / 13 met price target | 14%upside $16.50 | Neutral Maintained | 21 Oct 2024 |
Wells Fargo Dori Kesten 58% 1-year accuracy 14 / 24 met price target | 0%upside $14.50 | Equal-Weight Maintained | 13 Sept 2024 |
Truist Securities Patrick Scholes 77% 1-year accuracy 27 / 35 met price target | 24%upside $18 | Buy Maintained | 4 Sept 2024 |
Financial journalist opinion
Based on 9 articles about PK published over the past 30 days
