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

Playa Hotels & Resorts (NASDAQ:PLYA) Director Karl Mr. Peterson sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 2,529,033 shares of the company’s stock, valued at $24,228,136.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Price Performance

Shares of PLYA opened at $9.26 on Friday. The firm has a market cap of $1.29 billion, a PE ratio of 27.24, a PEG ratio of 7.03 and a beta of 1.53. The firm’s 50 day moving average price is $9.24 and its 200 day moving average price is $8.26. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.91 and a current ratio of 2.00. Playa Hotels & Resorts has a twelve month low of $6.88 and a twelve month high of $9.84.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.04 earnings per share for the quarter. The firm 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%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. As a group, research analysts expect that Playa Hotels & Resorts will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Playa Hotels & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Playa Hotels & Resorts by 6.7% during the fourth quarter. Vanguard Group Inc. now owns 2,507,831 shares of the company’s stock valued at $21,693,000 after acquiring an additional 157,454 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Playa Hotels & Resorts by 9.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,421,243 shares of the company’s stock valued at $46,894,000 after purchasing an additional 461,888 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in Playa Hotels & Resorts by 114.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 959,158 shares of the company’s stock valued at $8,297,000 after purchasing an additional 512,246 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Playa Hotels & Resorts by 14.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 174,806 shares of the company’s stock valued at $1,512,000 after purchasing an additional 21,478 shares during the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new position in Playa Hotels & Resorts during the fourth quarter valued at approximately $92,000. 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 research report on Tuesday, February 27th.

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.