Playa Hotels & Resorts (NASDAQ:PLYA) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its position in Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) by 19.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 235,010 shares of the company’s stock after purchasing an additional 38,267 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Playa Hotels & Resorts were worth $1,368,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in shares of Playa Hotels & Resorts by 2.2% during the first quarter. Invesco Ltd. now owns 8,827,628 shares of the company’s stock valued at $76,359,000 after buying an additional 189,955 shares during the last quarter. Driehaus Capital Management LLC increased its position in Playa Hotels & Resorts by 44.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 5,937,960 shares of the company’s stock valued at $40,794,000 after acquiring an additional 1,833,404 shares during the period. Goldman Sachs Group Inc. raised its stake in Playa Hotels & Resorts by 1.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,557,822 shares of the company’s stock valued at $31,313,000 after acquiring an additional 66,828 shares in the last quarter. Millennium Management LLC boosted its position in Playa Hotels & Resorts by 4.4% during the 2nd quarter. Millennium Management LLC now owns 4,507,231 shares of the company’s stock worth $30,965,000 after acquiring an additional 188,610 shares during the period. Finally, Vanguard Group Inc. grew its stake 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 worth $19,857,000 after purchasing an additional 12,747 shares in the last quarter. 82.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Playa Hotels & Resorts

In other news, CIO Fernando Mulet sold 13,197 shares of the firm’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $6.33, for a total transaction of $83,537.01. Following the completion of the sale, the executive now directly owns 314,490 shares of the company’s stock, valued at approximately $1,990,721.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CIO Fernando Mulet sold 13,197 shares of the business’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $6.33, for a total transaction of $83,537.01. Following the sale, the executive now directly owns 314,490 shares of the company’s stock, valued at $1,990,721.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brandon B. Buhler sold 10,671 shares of the stock in a transaction on Friday, January 6th. The shares were sold at an average price of $6.35, for a total value of $67,760.85. Following the completion of the transaction, the chief accounting officer now owns 81,768 shares of the company’s stock, valued at approximately $519,226.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,087 shares of company stock valued at $652,856. Corporate insiders own 6.50% of the company’s stock.

Playa Hotels & Resorts Trading Up 1.8 %

Shares of Playa Hotels & Resorts stock opened at $6.89 on Friday. The business has a fifty day simple moving average of $6.19 and a 200-day simple moving average of $6.31. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 16.02 and a beta of 1.49. Playa Hotels & Resorts has a fifty-two week low of $5.34 and a fifty-two week high of $9.81. The company has a quick ratio of 2.28, a current ratio of 2.36 and a debt-to-equity ratio of 1.55.

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

Analyst Ratings Changes

PLYA has been the subject of several research analyst reports. Citigroup raised shares of Playa Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $7.25 to $8.00 in a report on Wednesday, December 14th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Playa Hotels & Resorts from $15.00 to $14.00 in a research note on Thursday, November 3rd. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Playa Hotels & Resorts currently has an average rating of “Buy” and a consensus target price of $11.50.

Playa Hotels & Resorts Profile

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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 19, 2022, it owned a portfolio of 23 resorts with 8,595 rooms located in Mexico, Jamaica, and the Dominican Republic. The company 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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