Raymond James & Associates Acquires 1,500 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Raymond James & Associates raised its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 2.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 65,821 shares of the company’s stock after buying an additional 1,500 shares during the period. Raymond James & Associates’ holdings in Playa Hotels & Resorts were worth $569,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC bought a new position in shares of Playa Hotels & Resorts during the 3rd quarter worth approximately $76,000. CenterBook Partners LP bought a new position in shares of Playa Hotels & Resorts during the 3rd quarter worth approximately $98,000. SkyView Investment Advisors LLC grew its stake in shares of Playa Hotels & Resorts by 5.1% during the 3rd quarter. SkyView Investment Advisors LLC now owns 44,739 shares of the company’s stock worth $324,000 after acquiring an additional 2,173 shares in the last quarter. Jump Financial LLC grew its stake in shares of Playa Hotels & Resorts by 237.4% during the 3rd quarter. Jump Financial LLC now owns 51,700 shares of the company’s stock worth $374,000 after acquiring an additional 36,379 shares in the last quarter. Finally, Dark Forest Capital Management LP grew its stake in shares of Playa Hotels & Resorts by 67.5% during the 3rd 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 in the last quarter. 74.58% of the stock is owned by institutional investors.

Insider Buying and Selling at Playa Hotels & Resorts

In other Playa Hotels & Resorts news, CAO Brandon B. Buhler sold 35,915 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $9.04, for a total transaction of $324,671.60. Following the completion of the sale, the chief accounting officer now owns 102,598 shares of the company’s stock, valued at approximately $927,485.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 20,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $9.22, for a total transaction of $184,400.00. Following the completion of the sale, the director now owns 2,539,033 shares of the company’s stock, valued at approximately $23,409,884.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brandon B. Buhler sold 35,915 shares of Playa Hotels & Resorts stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $9.04, for a total value of $324,671.60. Following the sale, the chief accounting officer now directly owns 102,598 shares of the company’s stock, valued at approximately $927,485.92. The disclosure for this sale can be found here. Insiders sold 65,915 shares of company stock valued at $604,222 in the last quarter. 7.60% of the stock is currently owned by insiders.

Playa Hotels & Resorts Price Performance

NASDAQ:PLYA opened at $9.14 on Friday. Playa Hotels & Resorts has a 1-year low of $6.88 and a 1-year high of $9.84. The company has a current ratio of 2.00, a quick ratio of 1.91 and a debt-to-equity ratio of 1.91. The firm has a fifty day simple moving average of $9.33 and a 200 day simple moving average of $8.37. The stock has a market capitalization of $1.27 billion, a PE ratio of 26.88, a P/E/G ratio of 6.82 and a beta of 1.53.

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

Analysts Set New Price Targets

Separately, Truist Financial raised their target price on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th.

Playa Hotels & Resorts 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.