Handelsbanken Fonder AB Sells 10,300 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Handelsbanken Fonder AB decreased its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 28.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,300 shares of the company’s stock after selling 10,300 shares during the period. Handelsbanken Fonder AB’s holdings in Playa Hotels & Resorts were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Campbell & CO Investment Adviser LLC bought a new position in Playa Hotels & Resorts during the 3rd quarter valued at about $76,000. CenterBook Partners LP bought a new stake in shares of Playa Hotels & Resorts during the 3rd quarter valued at $98,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Playa Hotels & Resorts by 16.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company’s stock valued at $158,000 after acquiring an additional 2,634 shares during the period. HBK Sorce Advisory LLC increased its stake in shares of Playa Hotels & Resorts by 6.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 23,548 shares of the company’s stock worth $204,000 after purchasing an additional 1,369 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its holdings in Playa Hotels & Resorts by 8.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 31,900 shares of the company’s stock worth $276,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 74.58% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Playa Hotels & Resorts

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

Playa Hotels & Resorts Stock Performance

Shares of NASDAQ PLYA opened at $9.30 on Friday. The stock has a market cap of $1.29 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 6.73 and a beta of 1.54. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.00 and a quick ratio of 1.91. The firm has a fifty day moving average price of $9.37 and a 200-day moving average price of $8.46. Playa Hotels & Resorts has a 1 year low of $6.88 and a 1 year high of $9.84.

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

About Playa Hotels & Resorts

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.