Playa Hotels & Resorts (NASDAQ:PLYA) Director Karl Mr. Peterson Sells 5,000 Shares

Playa Hotels & Resorts (NASDAQ:PLYAGet Free Report) Director Karl Mr. Peterson sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total transaction of $47,900.00. Following the sale, the director now directly owns 2,529,033 shares in the company, valued at $24,228,136.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Karl Mr. Peterson also recently made the following trade(s):

  • On Tuesday, March 19th, Karl Mr. Peterson sold 5,000 shares of Playa Hotels & Resorts stock. The stock was sold at an average price of $9.45, for a total transaction of $47,250.00.
  • On Tuesday, February 27th, Karl Mr. Peterson sold 20,000 shares of Playa Hotels & Resorts stock. The stock was sold at an average price of $9.22, for a total transaction of $184,400.00.

Playa Hotels & Resorts Stock Performance

PLYA opened at $9.49 on Friday. 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 company has a market cap of $1.33 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 6.99 and a beta of 1.53. Playa Hotels & Resorts has a 52-week low of $6.88 and a 52-week high of $9.84. The firm’s fifty day simple moving average is $9.22 and its two-hundred day simple moving average is $8.24.

Playa Hotels & Resorts (NASDAQ:PLYAGet Free Report) last announced its earnings results on Friday, February 23rd. The company reported $0.04 earnings per share for the quarter. Playa Hotels & Resorts had a net margin of 5.51% and a return on equity of 10.67%. The company had revenue of $242.52 million during the quarter, compared to analyst estimates of $221.68 million. During the same quarter last year, the firm posted $0.13 earnings per share. Playa Hotels & Resorts’s revenue was up 15.0% compared to the same quarter last year. Equities analysts anticipate that Playa Hotels & Resorts will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its holdings in Playa Hotels & Resorts by 2,245.5% during the third quarter. UBS Asset Management Americas Inc. now owns 3,031,748 shares of the company’s stock worth $17,645,000 after purchasing an additional 2,902,491 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Playa Hotels & Resorts by 128.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,490,994 shares of the company’s stock worth $38,847,000 after purchasing an additional 2,521,623 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Playa Hotels & Resorts by 914.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,090,616 shares of the company’s stock worth $13,652,000 after buying an additional 1,884,616 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Playa Hotels & Resorts by 41.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,122,187 shares of the company’s stock worth $58,772,000 after buying an additional 1,785,509 shares in the last quarter. Finally, HG Vora Capital Management LLC boosted its position in shares of Playa Hotels & Resorts by 13.6% in the 3rd quarter. HG Vora Capital Management LLC now owns 12,500,000 shares of the company’s stock worth $90,500,000 after buying an additional 1,500,000 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on Playa Hotels & Resorts

Playa Hotels & Resorts Company Profile

(Get Free Report)

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.

Featured Articles

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

Receive News & Ratings for Playa Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.