Playa Hotels & Resorts (NASDAQ:PLYA) Director Sells $291,200.00 in Stock

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) Director Karl Mr. Peterson sold 35,000 shares of the company’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $8.32, for a total value of $291,200.00. Following the completion of the sale, the director now owns 3,019,033 shares of the company’s stock, valued at $25,118,354.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Karl Mr. Peterson also recently made the following trade(s):

• On Thursday, April 7th, Karl Mr. Peterson sold 30,000 shares of Playa Hotels & Resorts stock. The shares were sold at an average price of $8.03, for a total value of $240,900.00.
• On Monday, March 28th, Karl Mr. Peterson sold 30,000 shares of Playa Hotels & Resorts stock. The stock was sold at an average price of $8.46, for a total value of $253,800.00.
• On Thursday, March 17th, Karl Mr. Peterson sold 35,000 shares of Playa Hotels & Resorts stock. The stock was sold at an average price of $8.58, for a total value of $300,300.00.
• On Tuesday, March 8th, Karl Mr. Peterson sold 90,000 shares of Playa Hotels & Resorts stock. The stock was sold at an average price of $8.49, for a total value of $764,100.00.
• On Tuesday, February 15th, Karl Mr. Peterson sold 30,000 shares of Playa Hotels & Resorts stock. The stock was sold at an average price of $8.52, for a total value of $255,600.00.
• On Tuesday, January 25th, Karl Mr. Peterson sold 30,000 shares of Playa Hotels & Resorts stock. The shares were sold at an average price of $7.29, for a total value of $218,700.00.

PLYA stock opened at $8.34 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.43 and a quick ratio of 2.32. The firm has a market capitalization of $1.42 billion, a P/E ratio of -14.89, a P/E/G ratio of 0.57 and a beta of 1.88. The business’s 50-day moving average is $8.56 and its two-hundred day moving average is $8.14. Playa Hotels & Resorts has a 1 year low of $6.13 and a 1 year high of $9.81.

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $176.80 million for the quarter, compared to analyst estimates of $165.72 million. Playa Hotels & Resorts had a negative return on equity of 12.44% and a negative net margin of 16.77%. Playa Hotels & Resorts’s revenue for the quarter was up 166.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) EPS. On average, analysts expect that Playa Hotels & Resorts will post 0.12 EPS for the current year.

PLYA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. TheStreet upgraded Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Monday, February 28th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Playa Hotels & Resorts from $11.00 to $13.00 and gave the company a “buy” rating in a report on Monday, February 28th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.94.

Several hedge funds and other institutional investors have recently modified their holdings of PLYA. First Trust Advisors LP raised its position in shares of Playa Hotels & Resorts by 64.8% during the 1st quarter. First Trust Advisors LP now owns 165,294 shares of the company’s stock worth $1,261,000 after acquiring an additional 64,972 shares in the last quarter. Morgan Stanley grew its stake in Playa Hotels & Resorts by 10.3% during the 2nd quarter. Morgan Stanley now owns 7,558,478 shares of the company’s stock worth $56,160,000 after buying an additional 703,469 shares during the last quarter. WINTON GROUP Ltd grew its stake in Playa Hotels & Resorts by 6.9% during the 3rd quarter. WINTON GROUP Ltd now owns 124,092 shares of the company’s stock worth $1,029,000 after buying an additional 7,990 shares during the last quarter. Raymond James & Associates purchased a new position in Playa Hotels & Resorts during the 3rd quarter worth approximately $522,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Playa Hotels & Resorts by 12.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 311,825 shares of the company’s stock worth $2,585,000 after buying an additional 34,414 shares during the last quarter. 81.35% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Company Profile (Get Rating)

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. As of December 31, 2021, it owned a portfolio of 22 resorts with 8,366 rooms located in Mexico, Jamaica, and the Dominican Republic. The company was founded in 2006 and is headquartered in Fairfax, Virginia.

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