Playa Hotels & Resorts (NASDAQ:PLYA) CAO Brandon B. Buhler Sells 10,671 Shares

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) CAO Brandon B. Buhler sold 10,671 shares of the stock in a transaction on Friday, January 6th. The stock was sold at an average price of $6.35, for a total value of $67,760.85. Following the sale, the chief accounting officer now owns 81,768 shares in the company, valued at approximately $519,226.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Playa Hotels & Resorts Trading Down 0.3 %

Shares of PLYA stock opened at $6.27 on Tuesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.28 and a current ratio of 2.36. Playa Hotels & Resorts has a 52-week low of $5.34 and a 52-week high of $9.81. The company has a market capitalization of $1.02 billion, a PE ratio of 14.58 and a beta of 1.49. The business’s fifty day moving average is $6.05 and its 200 day moving average is $6.31.

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Playa Hotels & Resorts had a return on equity of 8.49% and a net margin of 8.66%. On average, equities research analysts anticipate that Playa Hotels & Resorts will post 0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup upgraded Playa Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their target price for the stock from $7.25 to $8.00 in a research report on Wednesday, December 14th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft dropped their target price on Playa Hotels & Resorts from $15.00 to $14.00 in a research report on Thursday, November 3rd. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $11.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Playa Hotels & Resorts by 246.4% in the third quarter. Royal Bank of Canada now owns 6,927 shares of the company’s stock valued at $41,000 after acquiring an additional 4,927 shares during the last quarter. UBS Group AG increased its stake in Playa Hotels & Resorts by 25.1% in the second quarter. UBS Group AG now owns 7,376 shares of the company’s stock valued at $50,000 after acquiring an additional 1,478 shares during the last quarter. Penn Capital Management Company LLC bought a new position in Playa Hotels & Resorts in the third quarter valued at $65,000. Robeco Institutional Asset Management B.V. bought a new position in Playa Hotels & Resorts in the second quarter valued at $67,000. Finally, Bridgefront Capital LLC bought a new position in Playa Hotels & Resorts in the third quarter valued at $69,000. Institutional investors own 82.25% of the company’s stock.

Playa Hotels & Resorts Company Profile

(Get Rating)

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. As of December 31, 2021, it owned a portfolio of 22 resorts with 8,366 rooms located in Mexico, Jamaica, and the Dominican Republic. The company was founded in 2006 and is headquartered in Fairfax, Virginia.

Featured Stories

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.