Swiss National Bank Decreases Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Swiss National Bank lowered its position in Playa Hotels & Resorts (NASDAQ:PLYA) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 203,800 shares of the company’s stock after selling 30,500 shares during the period. Swiss National Bank owned approximately 0.15% of Playa Hotels & Resorts worth $1,763,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in Playa Hotels & Resorts by 17.8% in the fourth quarter. Russell Investments Group Ltd. now owns 60,415 shares of the company’s stock worth $523,000 after purchasing an additional 9,139 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Playa Hotels & Resorts by 16.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company’s stock worth $158,000 after purchasing an additional 2,634 shares in the last quarter. Voss Capital LLC grew its stake in Playa Hotels & Resorts by 14.2% during the 4th quarter. Voss Capital LLC now owns 3,596,890 shares of the company’s stock worth $31,113,000 after buying an additional 446,890 shares during the last quarter. HBK Sorce Advisory LLC increased its position in Playa Hotels & Resorts by 6.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 23,548 shares of the company’s stock valued at $204,000 after buying an additional 1,369 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its stake in Playa Hotels & Resorts by 8.5% in the fourth quarter. Clear Harbor Asset Management LLC now owns 31,900 shares of the company’s stock valued at $276,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Stock Up 1.7 %

Shares of PLYA stock opened at $8.44 on Friday. Playa Hotels & Resorts has a fifty-two week low of $6.88 and a fifty-two week high of $9.85. The firm has a market capitalization of $1.12 billion, a PE ratio of 18.35, a P/E/G ratio of 0.65 and a beta of 1.54. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.16 and a current ratio of 2.26. The stock’s 50-day simple moving average is $9.15 and its 200-day simple moving average is $8.64.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its earnings results on Monday, May 6th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. Playa Hotels & Resorts had a return on equity of 12.08% and a net margin of 6.52%. The firm had revenue of $300.64 million for the quarter, compared to analyst estimates of $273.77 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Playa Hotels & Resorts’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Insider Transactions at Playa Hotels & Resorts

In related news, CAO Brandon B. Buhler sold 35,915 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total transaction of $324,671.60. Following the completion of the transaction, the chief accounting officer now directly owns 102,598 shares in the company, valued at $927,485.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Playa Hotels & Resorts news, CAO Brandon B. Buhler sold 35,915 shares of Playa Hotels & Resorts stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.04, for a total transaction of $324,671.60. Following the completion of the transaction, the chief accounting officer now owns 102,598 shares in the company, valued at approximately $927,485.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karl Mr. Peterson sold 20,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.22, for a total value of $184,400.00. Following the completion of the sale, the director now owns 2,539,033 shares in the company, valued at approximately $23,409,884.26. The disclosure for this sale can be found here. Insiders have sold 65,915 shares of company stock worth $604,222 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Playa Hotels & Resorts from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Truist Financial upped their price target on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th.

Playa Hotels & Resorts Company Profile

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.