Insider Selling: Playa Hotels & Resorts (NASDAQ:PLYA) Director Sells 35,000 Shares of Stock

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) Director Karl Mr. Peterson sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $8.60, for a total transaction of $301,000.00. Following the completion of the transaction, the director now directly owns 2,984,033 shares of the company’s stock, valued at approximately $25,662,683.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, April 14th, Karl Mr. Peterson sold 35,000 shares of Playa Hotels & Resorts stock. The shares were sold at an average price of $8.32, for a total transaction of $291,200.00.
  • On Thursday, April 7th, Karl Mr. Peterson sold 30,000 shares of Playa Hotels & Resorts stock. The stock was sold at an average price of $8.03, for a total transaction of $240,900.00.
  • On Monday, March 28th, Karl Mr. Peterson sold 30,000 shares of Playa Hotels & Resorts stock. The shares were sold at an average price of $8.46, for a total transaction of $253,800.00.
  • On Thursday, March 17th, Karl Mr. Peterson sold 35,000 shares of Playa Hotels & Resorts stock. The shares were sold at an average price of $8.58, for a total transaction 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 transaction of $764,100.00.

PLYA stock opened at $8.83 on Wednesday. The business has a fifty day moving average of $8.64 and a 200-day moving average of $8.18. The company has a market cap of $1.46 billion, a P/E ratio of 67.93, a PEG ratio of 0.32 and a beta of 1.68. The company has a quick ratio of 2.32, a current ratio of 2.43 and a debt-to-equity ratio of 1.81. Playa Hotels & Resorts has a twelve month low of $6.13 and a twelve month high of $9.81.

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $219.60 million during the quarter, compared to analysts’ expectations of $196.76 million. Playa Hotels & Resorts had a return on equity of 0.64% and a net margin of 3.37%. The company’s revenue was up 182.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.31) earnings per share. As a group, equities research analysts anticipate that Playa Hotels & Resorts will post 0.22 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd grew its position in Playa Hotels & Resorts by 166.5% during the fourth quarter. Qube Research & Technologies Ltd now owns 27,437 shares of the company’s stock worth $219,000 after buying an additional 17,143 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Playa Hotels & Resorts by 2.0% during the 3rd quarter. Invesco Ltd. now owns 8,807,358 shares of the company’s stock valued at $73,013,000 after acquiring an additional 173,155 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Playa Hotels & Resorts by 35.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 85,903 shares of the company’s stock valued at $712,000 after acquiring an additional 22,675 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at $212,000. Finally, Clearline Capital LP boosted its holdings in shares of Playa Hotels & Resorts by 10.6% during the 3rd quarter. Clearline Capital LP now owns 534,235 shares of the company’s stock valued at $4,429,000 after acquiring an additional 51,000 shares in the last quarter. Institutional investors own 80.54% of the company’s stock.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research note on Thursday, May 12th. TheStreet raised Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Monday, February 28th. Oppenheimer started coverage on Playa Hotels & Resorts in a report on Thursday, April 21st. They set an “outperform” rating and a $13.00 price target on the stock. Truist Financial upgraded Playa Hotels & Resorts from a “hold” rating to a “buy” rating and increased their price target for the company from $8.00 to $11.00 in a research report on Monday, May 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Playa Hotels & Resorts from $13.00 to $15.00 in a research note on Monday, May 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $11.55.

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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