Playa Hotels & Resorts (NASDAQ:PLYA) CIO Sells $34,171.76 in Stock

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) CIO Fernando Mulet sold 3,892 shares of the stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $8.78, for a total value of $34,171.76. Following the completion of the sale, the executive now directly owns 332,517 shares of the company’s stock, valued at $2,919,499.26. The sale was disclosed in a filing with the SEC, which is available at this link.

PLYA stock traded down $0.21 during trading on Thursday, hitting $8.10. The company had a trading volume of 1,664,695 shares, compared to its average volume of 1,400,128. The company has a fifty day moving average price of $8.62 and a two-hundred day moving average price of $8.19. The company has a current ratio of 2.43, a quick ratio of 2.32 and a debt-to-equity ratio of 1.81. The company has a market cap of $1.34 billion, a P/E ratio of 62.31, a P/E/G ratio of 0.31 and a beta of 1.68. Playa Hotels & Resorts has a fifty-two week low of $6.13 and a fifty-two week high of $9.81.

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. Playa Hotels & Resorts had a return on equity of 0.64% and a net margin of 3.37%. The firm had revenue of $219.60 million during the quarter, compared to the consensus estimate of $196.76 million. During the same quarter in the previous year, the company posted ($0.31) EPS. The business’s revenue for the quarter was up 182.6% compared to the same quarter last year. On average, analysts expect that Playa Hotels & Resorts will post 0.32 earnings per share for the current year.

Several brokerages recently issued reports on PLYA. Zacks Investment Research raised 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. Deutsche Bank Aktiengesellschaft increased their price objective on Playa Hotels & Resorts from $13.00 to $15.00 in a research note on Monday, May 9th. Oppenheimer began coverage on Playa Hotels & Resorts in a research note on Thursday, April 21st. They issued an “outperform” rating and a $13.00 price objective for the company. Truist Financial raised Playa Hotels & Resorts from a “hold” rating to a “buy” rating and increased their price objective for the stock from $8.00 to $11.00 in a research note on Monday, May 9th. Finally, TheStreet raised Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research note on Monday, February 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Playa Hotels & Resorts has a consensus rating of “Buy” and a consensus price target of $11.55.

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in Playa Hotels & Resorts by 59.4% in the first quarter. BNP Paribas Arbitrage SA now owns 277,841 shares of the company’s stock valued at $2,403,000 after acquiring an additional 103,577 shares during the period. Walleye Capital LLC acquired a new position in shares of Playa Hotels & Resorts during the first quarter worth about $389,000. Polar Asset Management Partners Inc. acquired a new position in shares of Playa Hotels & Resorts during the first quarter worth about $6,639,000. Quantbot Technologies LP boosted its position in shares of Playa Hotels & Resorts by 504.8% during the first quarter. Quantbot Technologies LP now owns 44,281 shares of the company’s stock worth $383,000 after buying an additional 36,960 shares during the period. Finally, Shay Capital LLC acquired a new position in shares of Playa Hotels & Resorts during the first quarter worth about $134,000. Institutional investors own 80.54% of the company’s stock.

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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Insider Buying and Selling by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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