Park Hotels & Resorts (PK)

• Market cap: $3.3B
• 1 day: 3.90%
• 5 days: 3.23%
• 1 month: 12.93%
• 3 months: 8.63%
• 6 months: 0.31%
• Year to date: 3.30%
• 1 year: 5.55%
• 5 years: -33.08%
• 10 years: -39.12%
• Sector: Consumer Discretionary
• Industry: Hotels & Motels

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)

5% more repeat investments, than reductions

Existing positions increased: 128 | Existing positions reduced: 122

8% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 59

1% less funds holding

Funds holding: 351 [Q2] → 346 (-5) [Q3]

2.98% less ownership

Funds ownership: 97.48% [Q2] → 94.5% (-2.98%) [Q3]

9% less capital invested

Capital invested by funds: $3.08B [Q2] → $2.79B (-$288M) [Q3]

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

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $14.50 9% downside
• Avg. target: $16.67 4% upside
• High target: $20 25% upside

6 analyst ratings

• positive: 2 33%
• neutral: 4 67%
• negative: 0 0%

Wells Fargo Dori Kesten 70% 1-year accuracy 14 / 20 met price target	0% upside $16	Equal-Weight Maintained	26 Nov 2024
UBS Robin Farley 75% 1-year accuracy 6 / 8 met price target	6% downside $15	Neutral Maintained	18 Nov 2024
Compass Point Floris Van Dijkum 100% 1-year accuracy 19 / 19 met price target	25% upside $20	Buy Maintained	31 Oct 2024
B of A Securities Shaun Kelley 80% 1-year accuracy 8 / 10 met price target	3% upside $16.50	Neutral Maintained	21 Oct 2024
Wells Fargo Dori Kesten 70% 1-year accuracy 14 / 20 met price target	9% downside $14.50	Equal-Weight Maintained	13 Sept 2024