Playa Hotels & Resorts (NASDAQ:PLYA) CIO sells $34,171.76 in stock

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Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) CIO Fernando Mulet sold 3,892 shares in a trade dated Wednesday, May 18. The stock was sold at an average price of $8.78, for a total value of $34,171.76. Following the completion of the sale, the executive now directly owns 332,517 shares of the company, valued at $2,919,499.26. The sale was disclosed in a filing with the SEC, which is available at this link.

PLYA stock traded down $0.21 in Thursday’s session, hitting $8.10. The company had a trading volume of 1,664,695 shares, compared to an average volume of 1,400,128. The company has a fifty-day moving average price of $8.62 and a two-hundred-day moving average price of 8, $19. The company has a current ratio of 2.43, a quick ratio of 2.32 and a debt ratio of 1.81. The company has a market capitalization of $1.34 billion, a P/E ratio of 62.31, a P/E/G ratio of 0.31 and a beta of 1.68. Playa Hotels & Resorts has a fifty-two week minimum of $6.13 and a fifty-two week maximum of $9.81.

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last released quarterly earnings data on Thursday, May 5. The company reported earnings per share (EPS) of $0.19 for the quarter, beating the consensus estimate of $0.11 by $0.08. Playa Hotels & Resorts achieved a return on equity of 0.64% and a net margin of 3.37%. The company posted revenue of $219.60 million in the quarter, versus a consensus estimate of $196.76 million. During the same quarter of the previous year, the company posted EPS ($0.31). The company’s revenue for the quarter increased by 182.6% compared to the same quarter last year. On average, analysts expect Playa Hotels & Resorts to post 0.32 earnings per share for the current year.

Several brokerages have recently released reports on PLYA. Zacks Investment Research upgraded Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a price target of $9.75 for the company in a Thursday, May 12 research note. Deutsche Bank Aktiengesellschaft raised its price target on Playa Hotels & Resorts from $13.00 to $15.00 in a Monday, May 9 research note. Oppenheimer began covering Playa Hotels & Resorts in a research note on Thursday, April 21. They issued an “outperform” rating and a price target of $13.00 for the company. Truist Financial downgraded Playa Hotels & Resorts from a “hold” rating to a “buy” rating and raised its price target for the stock from $8.00 to $11.00 in a Monday research note May 9. 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 gave the stock a hold rating and four gave the company’s stock a buy rating. According to data from MarketBeat, Playa Hotels & Resorts has a consensus rating of “Buy” and a consensus price target of $11.55.

Several hedge funds have recently increased or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in Playa Hotels & Resorts by 59.4% in the first quarter. BNP Paribas Arbitrage SA now owns 277,841 shares in the company valued at $2,403,000 after acquiring an additional 103,577 shares during the period. Walleye Capital LLC acquired a new position in shares of Playa Hotels & Resorts during the first quarter worth approximately $389,000. Polar Asset Management Partners Inc. acquired a new position in shares of Playa Hotels & Resorts during the first quarter worth approximately $6,639,000. Quantbot Technologies LP increased its position in shares of Playa Hotels & Resorts by 504.8% during the first quarter. Quantbot Technologies LP now owns 44,281 shares of the company worth $383,000 after purchasing an additional 36,960 shares during the period. Finally, Shay Capital LLC acquired a new position in shares of Playa Hotels & Resorts during the first quarter worth approximately $134,000. Institutional investors hold 80.54% of the company’s shares.

Company Profile Playa Hotels & Resorts (Get a rating)

Playa Hotels & Resorts NV, together with its subsidiaries, owns, develops and operates resort hotels in prime beachfront locations throughout Mexico and the Caribbean. As of December 31, 2021, it had a portfolio of 22 resorts with 8,366 rooms located in Mexico, Jamaica and the Dominican Republic. The company was founded in 2006 and is based in Fairfax, Virginia.

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Insider Buying and Selling by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)



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