Playa Hotels & Resorts (NASDAQ:PLYA) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Playa Hotels & Resorts (NASDAQ:PLYA) by 16.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,233 shares of the company’s stock after buying an additional 2,634 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Playa Hotels & Resorts were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PLYA. HBK Sorce Advisory LLC raised its holdings in shares of Playa Hotels & Resorts by 6.2% during the fourth 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 during the last quarter. Raymond James & Associates lifted its holdings in shares of Playa Hotels & Resorts by 2.3% in the 4th quarter. Raymond James & Associates now owns 65,821 shares of the company’s stock valued at $569,000 after buying an additional 1,500 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of Playa Hotels & Resorts by 5.1% in the third quarter. SkyView Investment Advisors LLC now owns 44,739 shares of the company’s stock worth $324,000 after buying an additional 2,173 shares during the last quarter. Clear Harbor Asset Management LLC grew its holdings in Playa Hotels & Resorts by 8.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 31,900 shares of the company’s stock worth $276,000 after acquiring an additional 2,500 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Playa Hotels & Resorts during the third quarter valued at approximately $76,000. 74.58% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Stock Performance

NASDAQ PLYA opened at $8.92 on Thursday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 6.89 and a beta of 1.54. The stock has a 50-day moving average of $9.37 and a 200 day moving average of $8.52. The company has a current ratio of 2.00, a quick ratio of 1.91 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 $9.85.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Monday, May 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.06. The business had revenue of $300.64 million during the quarter, compared to the consensus estimate of $273.77 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 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. Sell-side analysts anticipate that Playa Hotels & Resorts will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CAO Brandon B. Buhler sold 35,915 shares of the firm’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 of the company’s stock, valued at approximately $927,485.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Karl Mr. Peterson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $9.45, for a total value of $47,250.00. Following the transaction, the director now directly owns 2,534,033 shares of the company’s stock, valued at $23,946,611.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction 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 have sold a total of 65,915 shares of company stock worth $604,222 over the last 90 days. 7.60% of the stock is currently owned by company insiders.

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.