Insider Selling: Playa Hotels & Resorts (NASDAQ:PLYA) Director Sells 5,000 Shares of Stock

Playa Hotels & Resorts (NASDAQ:PLYA) Director Karl Mr. Peterson sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $9.58, for a total value of $47,900.00. Following the completion of the sale, the director now owns 2,529,033 shares in the company, valued at approximately $24,228,136.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, March 19th, Karl Mr. Peterson sold 5,000 shares of Playa Hotels & Resorts stock. The shares were sold at an average price of $9.45, for a total value of $47,250.00.
• On Tuesday, February 27th, Karl Mr. Peterson sold 20,000 shares of Playa Hotels & Resorts stock. The shares were sold at an average price of $9.22, for a total value of $184,400.00.

Playa Hotels & Resorts Stock Performance

NASDAQ:PLYA opened at $9.26 on Friday. The stock’s 50-day simple moving average is $9.24 and its 200 day simple moving average is $8.26. The firm has a market capitalization of $1.29 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 7.03 and a beta of 1.53. The company has a quick ratio of 1.91, a current ratio of 2.00 and a debt-to-equity ratio of 1.91. Playa Hotels & Resorts has a twelve month low of $6.88 and a twelve month high of $9.84.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Friday, February 23rd. The company reported $0.04 EPS for the quarter. The firm had revenue of $242.52 million during the quarter, compared to the consensus estimate of $221.68 million. Playa Hotels & Resorts had a return on equity of 10.67% and a net margin of 5.51%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. On average, analysts anticipate that Playa Hotels & Resorts will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Playa Hotels & Resorts

Large investors have recently bought and sold shares of the company. HG Vora Capital Management LLC raised its position in Playa Hotels & Resorts by 13.6% in the third quarter. HG Vora Capital Management LLC now owns 12,500,000 shares of the company’s stock valued at $90,500,000 after purchasing an additional 1,500,000 shares during the last quarter. Renaissance Group LLC raised its position in shares of Playa Hotels & Resorts by 23.1% during the third quarter. Renaissance Group LLC now owns 323,053 shares of the company’s stock worth $2,339,000 after acquiring an additional 60,727 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of Playa Hotels & Resorts by 159.5% during the third quarter. Qube Research & Technologies Ltd now owns 393,829 shares of the company’s stock worth $2,851,000 after acquiring an additional 242,039 shares during the last quarter. Dark Forest Capital Management LP raised its position in shares of Playa Hotels & Resorts by 67.5% during the third quarter. Dark Forest Capital Management LP now owns 117,958 shares of the company’s stock worth $854,000 after acquiring an additional 47,528 shares during the last quarter. Finally, Cooper Creek Partners Management LLC raised its position in shares of Playa Hotels & Resorts by 25.3% during the third quarter. Cooper Creek Partners Management LLC now owns 2,246,810 shares of the company’s stock worth $16,267,000 after acquiring an additional 454,114 shares during the last quarter. 74.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial increased their target price on Playa Hotels & Resorts from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.