Gregory Maliassas Sells 15,000 Shares of Playa Hotels & Resorts (NASDAQ:PLYA) Stock

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) COO Gregory Maliassas sold 15,000 shares of the company’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $9.08, for a total value of $136,200.00. Following the sale, the chief operating officer now owns 332,688 shares of the company’s stock, valued at $3,020,807.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Gregory Maliassas also recently made the following trade(s):

• On Friday, January 6th, Gregory Maliassas sold 15,542 shares of Playa Hotels & Resorts stock. The stock was sold at an average price of $6.34, for a total value of $98,536.28.
• On Tuesday, January 3rd, Gregory Maliassas sold 4,829 shares of Playa Hotels & Resorts stock. The shares were sold at an average price of $6.36, for a total transaction of $30,712.44.

Playa Hotels & Resorts Trading Down 0.7 %

PLYA opened at $8.99 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.90 and a quick ratio of 1.81. Playa Hotels & Resorts has a fifty-two week low of $5.34 and a fifty-two week high of $9.73. The company’s 50 day moving average price is $7.64 and its two-hundred day moving average price is $6.61. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 26.44 and a beta of 1.52.

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last issued its quarterly earnings data on Friday, February 24th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.14. The company had revenue of $210.80 million for the quarter, compared to analysts’ expectations of $187.18 million. Playa Hotels & Resorts had a net margin of 6.62% and a return on equity of 11.99%. Playa Hotels & Resorts’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. As a group, research analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PLYA shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Playa Hotels & Resorts from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, February 27th. Citigroup upped their price target on shares of Playa Hotels & Resorts from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Finally, Oppenheimer raised their price objective on Playa Hotels & Resorts from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Tuesday, February 28th.

Institutional Investors Weigh In On Playa Hotels & Resorts

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rubric Capital Management LP lifted its stake in shares of Playa Hotels & Resorts by 0.8% in the third quarter. Rubric Capital Management LP now owns 11,876,728 shares of the company’s stock worth $69,123,000 after acquiring an additional 100,000 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Playa Hotels & Resorts in the 2nd quarter worth approximately $394,000. Marshall Wace LLP boosted its stake in shares of Playa Hotels & Resorts by 40.2% in the 3rd quarter. Marshall Wace LLP now owns 1,672,171 shares of the company’s stock valued at $9,730,000 after purchasing an additional 479,838 shares during the last quarter. Manning & Napier Group LLC increased its position in shares of 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 buying an additional 1,772 shares during the period. Finally, Cipher Capital LP bought a new position in Playa Hotels & Resorts during the third quarter worth $379,000. Institutional investors and hedge funds own 82.25% of the company’s stock.

About Playa Hotels & Resorts

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Playa Hotels & Resorts NV engages in the operation of hotels and resorts. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana. The company was founded on March 28, 2013 and is headquartered in Amsterdam, the Netherlands.