Playa Hotels & Resorts (NASDAQ:PLYA) Sets New 1-Year High at $9.84

Playa Hotels & Resorts (NASDAQ:PLYA) reached a new 52-week high on Thursday . The company traded as high as $9.84 and last traded at $9.74, with a volume of 64897 shares. The stock had previously closed at $9.75.

Wall Street Analysts Forecast Growth

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 report on Tuesday, February 27th.

Playa Hotels & Resorts Stock Up 0.2 %

The company has a market capitalization of $1.34 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 7.09 and a beta of 1.53. The company has a quick ratio of 1.91, a current ratio of 2.00 and a debt-to-equity ratio of 1.91. The firm has a 50-day moving average of $8.93 and a two-hundred day moving average of $8.07.

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

Insider Transactions at Playa Hotels & Resorts

In other news, Director Karl Mr. Peterson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $9.45, for a total transaction of $47,250.00. Following the completion of the transaction, the director now directly owns 2,534,033 shares in the company, valued at $23,946,611.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CIO Fernando Mulet sold 13,910 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $8.37, for a total value of $116,426.70. Following the completion of the sale, the executive now directly owns 415,965 shares of the company’s stock, valued at approximately $3,481,627.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karl Mr. Peterson sold 5,000 shares of the business’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 completion of the sale, the director now directly owns 2,534,033 shares of the company’s stock, valued at $23,946,611.85. The disclosure for this sale can be found here. Insiders sold a total of 428,376 shares of company stock worth $3,537,232 over the last ninety days. Company insiders own 7.60% of the company’s stock.

Institutional Trading of Playa Hotels & Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in Playa Hotels & Resorts by 3.8% during the 4th quarter. Legal & General Group Plc now owns 34,854 shares of the company’s stock worth $228,000 after purchasing an additional 1,285 shares during the period. HBK Sorce Advisory LLC lifted its stake in Playa Hotels & Resorts by 6.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 23,548 shares of the company’s stock valued at $204,000 after buying an additional 1,369 shares in the last quarter. UBS Group AG lifted its stake in shares of Playa Hotels & Resorts by 25.1% during the 2nd quarter. UBS Group AG now owns 7,376 shares of the company’s stock worth $50,000 after purchasing an additional 1,478 shares during the period. Raymond James & Associates lifted its stake in shares of Playa Hotels & Resorts by 2.3% during the 4th quarter. Raymond James & Associates now owns 65,821 shares of the company’s stock worth $569,000 after purchasing an additional 1,500 shares during the period. Finally, Creative Planning lifted its stake in shares of Playa Hotels & Resorts by 4.5% during the 3rd quarter. Creative Planning now owns 41,158 shares of the company’s stock worth $298,000 after purchasing an additional 1,756 shares during the period. 74.58% of the stock is owned by hedge funds and other institutional investors.

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.