Playa Hotels & Resorts (NASDAQ:PLYA) CAO Sells $22,971.48 in Stock

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) CAO Brandon B. Buhler sold 3,567 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $6.44, for a total value of $22,971.48. Following the sale, the chief accounting officer now directly owns 92,439 shares of the company’s stock, valued at approximately $595,307.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Playa Hotels & Resorts Stock Down 1.1 %

Shares of PLYA stock opened at $6.29 on Friday. The stock has a market cap of $1.02 billion, a P/E ratio of 14.63 and a beta of 1.50. Playa Hotels & Resorts has a one year low of $5.34 and a one year high of $9.81. The stock has a fifty day moving average price of $6.05 and a 200 day moving average price of $6.31. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.36 and a quick ratio of 2.28.

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Playa Hotels & Resorts had a return on equity of 8.49% and a net margin of 8.66%. Analysts predict that Playa Hotels & Resorts will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG raised its stake in Playa Hotels & Resorts by 25.1% during the second quarter. UBS Group AG now owns 7,376 shares of the company’s stock worth $50,000 after acquiring an additional 1,478 shares in the last quarter. Manning & Napier Group LLC raised its stake in Playa Hotels & Resorts by 0.5% during the third quarter. Manning & Napier Group LLC now owns 327,770 shares of the company’s stock worth $1,906,000 after acquiring an additional 1,772 shares in the last quarter. Aigen Investment Management LP raised its stake in Playa Hotels & Resorts by 7.8% during the second quarter. Aigen Investment Management LP now owns 26,640 shares of the company’s stock worth $183,000 after acquiring an additional 1,931 shares in the last quarter. California State Teachers Retirement System raised its stake in Playa Hotels & Resorts by 2.3% during the third quarter. California State Teachers Retirement System now owns 114,120 shares of the company’s stock worth $664,000 after acquiring an additional 2,522 shares in the last quarter. Finally, Keebeck Alpha LP raised its stake in Playa Hotels & Resorts by 17.1% during the third quarter. Keebeck Alpha LP now owns 17,409 shares of the company’s stock worth $101,000 after acquiring an additional 2,537 shares in the last quarter. 82.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

PLYA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Playa Hotels & Resorts from $15.00 to $14.00 in a research report on Thursday, November 3rd. Citigroup raised Playa Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price objective for the company from $7.25 to $8.00 in a research report on Wednesday, December 14th. They noted that the move was a valuation call. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $11.50.

About Playa Hotels & Resorts

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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.