Stocks of Park Hotels & Resorts Inc (NYSE:PK) traded higher last session on Wall Street, up 0.81% to $10.00.
PK stock price is now -6.56% away from the 50-day moving average and -24.12% away from the 200-day moving average. The market capitalization of the company currently stands at $2.00B.
With the price target maintained at $11, BofA Securities recently Downgraded its rating from Neutral to Underperform for Park Hotels & Resorts Inc (NYSE: PK). On April 09, 2025, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $10, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, ECKERT THOMAS D, Director bought 20,000 shares of the company’s stock on Mar 04 ’25. The stock was bought for $235,000 at an average price of $11.75. Upon completion of the transaction, the Director now directly owns 157,478 shares in the company, valued at $1.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, Director ECKERT THOMAS D bought 30,000 shares of the business’s stock. A total of $473,598 was incurred on buying the stock at an average price of $15.79. This leaves the insider owning 137,478 shares of the company worth $1.37 million. A total of 2.96% of the company’s stock is owned by insiders.
During the past 12 months, Park Hotels & Resorts Inc has had a low of $8.27 and a high of $16.08.
The net profit margin was 4.86% and return on equity was 3.46% for PK. The company reported revenue of $630.0 million for the quarter, compared to $639.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.41 percent.
