Playa Hotels & Resorts (NASDAQ:PLYA) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYAFree Report) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,250 shares of the company’s stock after selling 9,165 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.43% of Playa Hotels & Resorts worth $4,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of PLYA. JPMorgan Chase & Co. increased its holdings in shares of Playa Hotels & Resorts by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 524,376 shares of the company’s stock valued at $4,536,000 after purchasing an additional 166,474 shares during the period. Bank of Montreal Can acquired a new position in shares of Playa Hotels & Resorts in the first quarter valued at about $3,705,000. Dimensional Fund Advisors LP increased its holdings in shares of Playa Hotels & Resorts by 8.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,280,937 shares of the company’s stock valued at $19,732,000 after purchasing an additional 170,730 shares during the period. Vanguard Group Inc. increased its holdings in shares of Playa Hotels & Resorts by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,295,671 shares of the company’s stock valued at $19,857,000 after purchasing an additional 12,747 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in shares of Playa Hotels & Resorts in the first quarter valued at about $447,000. 91.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on PLYA

Playa Hotels & Resorts Stock Up 1.2 %

Shares of PLYA opened at $9.38 on Wednesday. Playa Hotels & Resorts has a 52 week low of $6.88 and a 52 week high of $9.77. 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 capitalization of $1.28 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 6.90 and a beta of 1.53. The stock’s 50-day moving average price is $8.55 and its 200-day moving average price is $7.82.

Playa Hotels & Resorts (NASDAQ:PLYAGet Free Report) last issued its 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 firm had revenue of $242.52 million for the quarter, compared to the consensus estimate of $221.68 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company’s revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts predict that Playa Hotels & Resorts will post 0.39 EPS for the current year.

Insider Transactions at Playa Hotels & Resorts

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $8.06, for a total transaction of $241,800.00. Following the transaction, the director now owns 2,579,033 shares in the company, valued at $20,787,005.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $8.06, for a total transaction of $241,800.00. Following the transaction, the director now owns 2,579,033 shares in the company, valued at $20,787,005.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brandon B. Buhler sold 35,915 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $9.04, for a total value of $324,671.60. Following the transaction, the chief accounting officer now owns 102,598 shares in the company, valued at approximately $927,485.92. The disclosure for this sale can be found here. Insiders have sold 468,376 shares of company stock worth $3,851,782 over the last quarter. 7.60% of the stock is currently owned by insiders.

About Playa Hotels & Resorts

(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. Playa Hotels & Resorts N.V. was founded in 2006 and is headquartered in Fairfax, Virginia.

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Institutional Ownership by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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