park hotels & resorts inc. (nyse: pk) is one of the largest publicly traded lodging real estate investment trusts with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. the company’s portfolio currently consists of 67 premium-branded hotels and resorts with over 35,000 rooms located in prime u.s. and international markets with high barriers to entry. for additional information, please visit the company's website at www.pkhotelsandresorts.com.
Company profile
Ticker
PK
Exchange
Website
CEO
Thomas Baltimore
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Hilton Worldwide, Inc.
SEC CIK
Corporate docs
Subsidiaries
American Plaza Parking LLC • A-R HHC Orlando Convention Hotel Member, LLC • A-R HHC Orlando Convention Hotel Mezz, LLC • A-R HHC Orlando Convention Hotel, LLC • A-R HHC Orlando New Parcel Owner, LLC • Ashford HHC Partners III LP • Austin Lessee LLC • Bonnet Creek Equity Holdings LLC • Bonnet Creek Hilton Lessee LLC • Boston Airport Lessee LLC ...
PK stock data
Latest filings (excl ownership)
8-K
Other Events
3 Jun 24
8-K
Park Hotels & Resorts Announces Final Results of Tender Offer
16 May 24
8-K
Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Notes Offering
2 May 24
8-K
Park Hotels & Resorts Inc. Announces Senior Notes Offering
2 May 24
10-Q
2024 Q1
Quarterly report
1 May 24
8-K
Park Hotels & Resorts Inc. Reports First Quarter 2024 Results
30 Apr 24
8-K
Amendments to Articles of Incorporation or Bylaws
19 Apr 24
DEFA14A
Additional proxy soliciting materials
3 Apr 24
S-3ASR
Automatic shelf registration
11 Mar 24
DEFA14A
Additional proxy soliciting materials
8 Mar 24
Transcripts
PK
Earnings call transcript
2024 Q1
1 May 24
PK
Earnings call transcript
2023 Q4
28 Feb 24
PK
Earnings call transcript
2023 Q3
2 Nov 23
PK
Earnings call transcript
2023 Q2
3 Aug 23
PK
Earnings call transcript
2023 Q1
1 May 23
PK
Earnings call transcript
2022 Q4
23 Feb 23
PK
Earnings call transcript
2022 Q3
3 Nov 22
PK
Earnings call transcript
2022 Q2
4 Aug 22
PK
Earnings call transcript
2022 Q1
2 May 22
PK
Earnings call transcript
2021 Q4
18 Feb 22
Latest ownership filings
4
Terri D. McClements
25 Jun 24
4
THOMAS A NATELLI
25 Jun 24
4
TIMOTHY J NAUGHTON
25 Jun 24
4
Patricia M Bedient
25 Jun 24
4
Christie B. Kelly
25 Jun 24
4
STEPHEN I SADOVE
25 Jun 24
4
THOMAS D ECKERT
10 May 24
4
Geoffrey Garrett
10 May 24
144
Notice of proposed sale of securities
9 May 24
4
Terri D. McClements
23 Apr 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 410.00 mm | 410.00 mm | 410.00 mm | 410.00 mm | 410.00 mm | 410.00 mm |
Cash burn (monthly) | 113.33 mm | 38.75 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 438.26 mm | 149.85 mm | n/a | n/a | n/a | n/a |
Cash remaining | -28.26 mm | 260.15 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -0.2 | 6.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
91.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 345 |
Opened positions | 295 |
Closed positions | 4 |
Increased positions | 17 |
Reduced positions | 15 |
13F shares | Current |
---|---|
Total value | 3.03 tn |
Total shares | 191.88 mm |
Total puts | 101.90 k |
Total calls | 163.10 k |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 32.81 mm | $573.82 bn |
BLK Blackrock | 27.32 mm | $477.79 bn |
STT State Street | 11.45 mm | $203.10 bn |
GS Goldman Sachs | 9.15 mm | $160.03 bn |
Donald Smith & Co. | 6.96 mm | $121.65 bn |
Arrowstreet Capital, Limited Partnership | 5.67 mm | $99.13 mm |
BAC Bank Of America | 4.25 mm | $74.40 bn |
Geode Capital Management | 3.83 mm | $66.93 bn |
Cbre Clarion Securities | 3.36 mm | $58.72 bn |
H/2 Credit Manager | 3.26 mm | $57.02 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Jun 24 | Bedient Patricia M | Common Stock | Grant | Acquire A | No | No | 0 | 1,762 | 0.00 | 110,087 |
21 Jun 24 | Kelly Christie B. | Common Stock | Grant | Acquire A | No | No | 0 | 1,887 | 0.00 | 117,602 |
21 Jun 24 | Stephen I Sadove | Common Stock | Grant | Acquire A | No | No | 0 | 2,180 | 0.00 | 61,701 |
21 Jun 24 | Terri D. McClements | Common Stock | Grant | Acquire A | No | No | 0 | 1,443 | 0.00 | 13,509 |
21 Jun 24 | Thomas A Natelli | Common Stock | Grant | Acquire A | No | No | 0 | 1,593 | 0.00 | 182,322 |
News
Truist Securities Maintains Buy on Park Hotels & Resorts, Lowers Price Target to $20
30 May 24
Wedbush Reiterates Neutral on Park Hotels & Resorts, Maintains $17 Price Target
28 May 24
Barclays Maintains Overweight on Park Hotels & Resorts, Raises Price Target to $22
24 May 24
Breaking Down Park Hotels & Resorts: 7 Analysts Share Their Views
15 May 24
Evercore ISI Group Upgrades Park Hotels & Resorts to Outperform, Raises Price Target to $20
15 May 24
Press releases
Park Hotels & Resorts Announces Second Quarter 2024 Earnings Conference Call on August 1, 2024
11 Jun 24
Park Hotels & Resorts Announces Final Results of Tender Offer
16 May 24
Park Hotels & Resorts Inc Announces Closing of $550 Million of 7.000% Senior Notes Due 2030
16 May 24
Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Notes Offering
2 May 24
Park Hotels & Resorts Inc. Announces Senior Notes Offering
2 May 24