Playa Hotels & Resorts (NASDAQ:PLYA) Brief Update on Interests

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Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) was the target of a significant drop in short-term interest in February. As of February 15, there was short interest totaling 1,710,000 shares, down 27.2% from the total of 2,350,000 shares as of January 31. Based on an average daily trading volume of 1,210,000 shares, the day-to-cover ratio is currently 1.4 days. Approximately 1.4% of the company’s shares are sold short.

The PLYA has been the subject of several reports by research analysts. Zacks Investment Research upgraded Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a Saturday, February 12 research report. Deutsche Bank Aktiengesellschaft raised its price target on Playa Hotels & Resorts from $11.00 to $13.00 and gave the company a “buy” rating in a Monday, Feb. 28 research note. Truist Financial raised its price target on Playa Hotels & Resorts from $7.00 to $8.00 and gave the company a “holding” rating in a Friday, Dec. 3 research note. Finally, TheStreet upgraded Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a Monday, February 28, research note. One equity research analyst has assigned the stock a sell rating, two have assigned a hold rating and two have assigned the stock a buy rating. According to data from MarketBeat.com, Playa Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $9.95.

Shares of NASDAQ:PLYA traded down $0.29 during Friday’s trading, hitting $8.98. The company had a trading volume of 749,702 shares, compared to its average volume of 1,378,923. The stock has a market capitalization of $1.48 billion, a price-earnings ratio of -16.04 and a beta of 2.02. Playa Hotels & Resorts has a one-year minimum of $6.13 and a one-year maximum of $9.81. The company has a fifty-day simple moving average of $8.04 and a two-hundred-day simple moving average of $7.87. The company has a debt ratio of 1.82, a current ratio of 2.64 and a quick ratio of 2.52.

(A d)

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Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last released quarterly earnings data on Thursday, February 24. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company posted revenue of $176.80 million in the quarter, compared to analyst estimates of $165.72 million. Playa Hotels & Resorts had a negative return on equity of 12.43% and a negative net margin of 16.77%. The company’s revenue for the quarter increased 166.9% on an annual basis. During the same period last year, the company achieved EPS of ($0.44). On average, equity research analysts expect Playa Hotels & Resorts to post 0.08 earnings per share for the current year.

Separately, CAO Brandon B. Buhler sold 6,919 shares in a trade dated Tuesday, January 4. The stock was sold at an average price of $8.17, for a total transaction of $56,528.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Maria M. Miller purchased 5,250 shares of the company in a transaction that took place on Wednesday, March 2. The shares were acquired at an average price of $9.48 per share, with a total value of $49,770.00. Disclosure of this purchase can be found here. In the past 90 days, insiders have sold 199,347 shares of the company valued at $1,558,051. Insiders of the company hold 6.91% of the shares of the company.

Several large investors have recently bought and sold shares of PLYA. First Trust Advisors LP increased its stake in shares of Playa Hotels & Resorts by 64.8% in the 1st quarter. First Trust Advisors LP now owns 165,294 shares of the company valued at $1,261,000 after purchasing an additional 64,972 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Playa Hotels & Resorts by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,841,055 shares of the company worth $13,680,000 after acquiring 50,068 additional shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Playa Hotels & Resorts by 6.5% during the 2nd quarter. Geode Capital Management LLC now owns 935,987 shares of the company worth $6,954,000 after acquiring an additional 56,851 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Playa Hotels & Resorts by 186.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,194,230 shares of the company worth $16,302,000 after acquiring an additional 1,429,359 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Playa Hotels & Resorts by 217.9% during the 2nd quarter. State Street Corp now owns 562,863 shares of the company worth $4,182,000 after acquiring 385,789 additional shares in the last quarter. 81.35% of the shares are held by institutional investors and hedge funds.

Company Profile Playa Hotels & Resorts (Get a rating)

Playa Hotels & Resorts NV operates hotels and resorts. It engages in the ownership, operation and development of all-inclusive resorts in beachfront destinations in Mexico and the Caribbean. The company owns and operates Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen an All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, Hyatt Ziva Los Cabos, Hyatt Zilara Rose Hall and Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Dunn’s River Beach Resort, Jewel Grande Montego Bay Resort & Spa, Jewel Runaway Bay Beach & Golf Resort, Jewel Paradise Cove Beach Resort & Spa, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana Hilton La Romana an all-inclusive family resort and Hilton La Romana an all-inclusive adult resort.

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