Playa Hotels & Resorts (NASDAQ:PLYA) Director Karl Mr. Peterson Sells 60,000 Shares of Stock

Playa Hotels & Resorts (NASDAQ:PLYA) Director Karl Mr. Peterson sold 60,000 shares of Playa Hotels & Resorts stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $8.31, for a total transaction of $498,600.00. Following the sale, the director now owns 2,469,033 shares in the company, valued at approximately $20,517,664.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Karl Mr. Peterson also recently made the following trade(s):

• On Tuesday, April 9th, Karl Mr. Peterson sold 5,000 shares of Playa Hotels & Resorts stock. The shares were sold at an average price of $9.58, for a total transaction of $47,900.00.

Playa Hotels & Resorts Stock Down 0.4 %

Shares of NASDAQ:PLYA opened at $8.39 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 2.16 and a debt-to-equity ratio of 1.81. The company has a fifty day simple moving average of $8.76 and a 200 day simple moving average of $8.75. The firm has a market cap of $1.12 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 0.66 and a beta of 1.56. Playa Hotels & Resorts has a 12-month low of $6.88 and a 12-month high of $9.85.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped 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 research note on Thursday, May 9th. Truist Financial lifted their price objective 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.

Institutional Trading of Playa Hotels & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EMC Capital Management acquired a new position in Playa Hotels & Resorts in the first quarter worth $239,000. Paloma Partners Management Co acquired a new position in Playa Hotels & Resorts in the first quarter worth $283,000. Aristides Capital LLC acquired a new position in Playa Hotels & Resorts in the first quarter worth $283,000. Lazard Asset Management LLC acquired a new position in Playa Hotels & Resorts in the first quarter worth $95,000. Finally, Quadrature Capital Ltd acquired a new position in Playa Hotels & Resorts in the first quarter worth $98,000. Institutional investors own 74.58% of the company’s stock.

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.