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

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

Analyst Upgrades and Downgrades

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

Playa Hotels & Resorts Trading Up 0.2 %

The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.91 and a current ratio of 2.00. The firm’s fifty day simple moving average is $8.93 and its 200-day simple moving average is $8.07. The stock has a market cap of $1.34 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 7.09 and a beta of 1.53.

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

Insider Activity at Playa Hotels & Resorts

In related news, EVP Tracy M. J. Colden sold 11,199 shares of Playa Hotels & Resorts stock in a transaction on Friday, January 5th. The shares were sold at an average price of $8.37, for a total value of $93,735.63. Following the completion of the sale, the executive vice president now owns 191,858 shares of the company’s stock, valued at approximately $1,605,851.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Playa Hotels & Resorts news, COO Gregory Maliassas sold 16,263 shares of Playa Hotels & Resorts stock in a transaction on Friday, January 5th. The shares were sold at an average price of $8.37, for a total transaction of $136,121.31. Following the transaction, the chief operating officer now directly owns 316,425 shares of the company’s stock, valued at approximately $2,648,477.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tracy M. J. Colden sold 11,199 shares of Playa Hotels & Resorts stock in a transaction on Friday, January 5th. The stock was sold at an average price of $8.37, for a total transaction of $93,735.63. Following the transaction, the executive vice president now directly owns 191,858 shares in the company, valued at $1,605,851.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 428,376 shares of company stock valued at $3,537,232. 7.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Playa Hotels & Resorts

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Playa Hotels & Resorts by 6.7% during the 4th quarter. Vanguard Group Inc. now owns 2,507,831 shares of the company’s stock worth $21,693,000 after acquiring an additional 157,454 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Playa Hotels & Resorts by 9.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,421,243 shares of the company’s stock worth $46,894,000 after acquiring an additional 461,888 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Playa Hotels & Resorts by 114.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 959,158 shares of the company’s stock worth $8,297,000 after purchasing an additional 512,246 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Playa Hotels & Resorts by 14.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 174,806 shares of the company’s stock worth $1,512,000 after purchasing an additional 21,478 shares during the period. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth $92,000. 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.