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

Playa Hotels & Resorts (NASDAQ:PLYA)’s stock price hit a new 52-week high during trading 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.

Analysts Set New Price Targets

Separately, Truist Financial lifted 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.

Playa Hotels & Resorts Trading Down 0.5 %

The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 7.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.00 and a quick ratio of 1.91. The firm’s fifty day moving average is $8.99 and its 200-day moving average is $8.10.

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

Insider Activity

In other news, CAO Brandon B. Buhler sold 11,054 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $8.37, for a total transaction of $92,521.98. Following the transaction, the chief accounting officer now owns 96,406 shares in the company, valued at $806,918.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Karl Mr. Peterson sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $8.37, for a total transaction of $41,850.00. Following the transaction, the director now owns 2,559,033 shares in the company, valued at $21,419,106.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brandon B. Buhler sold 11,054 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $8.37, for a total transaction of $92,521.98. Following the transaction, the chief accounting officer now owns 96,406 shares in the company, valued at approximately $806,918.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 428,376 shares of company stock worth $3,537,232. Company insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On Playa Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in PLYA. Royal Bank of Canada increased its position in shares of Playa Hotels & Resorts by 89.0% during the second quarter. Royal Bank of Canada now owns 3,780 shares of the company’s stock worth $30,000 after acquiring an additional 1,780 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth about $34,000. UBS Group AG increased its position in shares of Playa Hotels & Resorts by 25.1% during the second quarter. UBS Group AG now owns 7,376 shares of the company’s stock worth $50,000 after acquiring an additional 1,478 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Playa Hotels & Resorts by 9,710.4% during the second quarter. Tower Research Capital LLC TRC now owns 6,573 shares of the company’s stock worth $54,000 after acquiring an additional 6,506 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Playa Hotels & Resorts during the third quarter worth about $76,000. 74.58% of the stock is owned by 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.