Vanguard Group Inc. reduced its holdings in Playa Hotels & Resorts (NASDAQ:PLYA – Free Report) by 9.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,262,315 shares of the company’s stock after selling 245,516 shares during the quarter. Vanguard Group Inc. owned 1.63% of Playa Hotels & Resorts worth $21,944,000, according to its most recent SEC filing.
Several other major investors have also added to or reduced their holdings in PLYA. Raymond James & Associates increased its stake in Playa Hotels & Resorts by 2.3% in the fourth quarter. Raymond James & Associates now owns 65,821 shares of the company’s stock valued at $569,000 after buying an additional 1,500 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in Playa Hotels & Resorts by 6.2% in the fourth 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. Voss Capital LLC increased its stake in Playa Hotels & Resorts by 14.2% in the fourth quarter. Voss Capital LLC now owns 3,596,890 shares of the company’s stock valued at $31,113,000 after buying an additional 446,890 shares in the last quarter. Zürcher Kantonalbank Zürich Cantonalbank increased its stake in Playa Hotels & Resorts by 16.9% in the fourth quarter. Zürcher Kantonalbank Zürich Cantonalbank now owns 18,233 shares of the company’s stock valued at $158,000 after buying an additional 2,634 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake 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 valued at $523,000 after buying an additional 9,139 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.
Playa Hotels & Resorts recorded an increase of 1.4%
PLYA shares opened at $7.47 on Friday. The company’s 50-day moving average is $8.30 and its 200-day moving average is $8.75. Playa Hotels & Resorts has a 52-week low of $6.88 and a 52-week high of $9.85. The stock has a market cap of $994.85 million, a P/E ratio of 16.24, a PEG ratio of 0.60 and a beta of 1.60. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.16 and a current ratio of 2.23.
Playa Hotels & Resorts (NASDAQ:PLYA – Get Free Report) last announced its quarterly earnings results on Monday, August 5. The company reported earnings per share of $0.12 for the quarter, beating the consensus estimate of $0.10 by $0.02. Playa Hotels & Resorts had a net margin of 5.85% and a return on equity of 11.79%. The company posted revenue of $235.48 million for the quarter, compared to analyst expectations of $228.95 million. During the same quarter last year, the company posted earnings per share of $0.13. Playa Hotels & Resorts’ quarterly revenue declined 5.1% year-over-year. Sell-side analysts expect Playa Hotels & Resorts to report earnings per share of $0.56 for the current fiscal year.
Insider buying and selling at Playa Hotels & Resorts
In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 60,000 shares of the company’s stock on Friday, June 14. The shares were sold at an average price of $8.31, for a total transaction of $498,600.00. Following the transaction, the director now owns 2,469,033 shares of the company’s stock, valued at $20,517,664.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.70% of the company’s stock.
Analysts set new price targets
Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on Playa Hotels & Resorts shares from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday. Macquarie reiterated an “outperform” rating and set a $14.00 price target on Playa Hotels & Resorts shares in a research report on Wednesday. Oppenheimer decreased its price target on Playa Hotels & Resorts shares from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Truist Financial decreased its price target on Playa Hotels & Resorts shares from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday.
Check out our latest analysis on Playa Hotels & Resorts
About Playa Hotels & Resorts
(Free report)
Playa Hotels & Resorts NV, together with its subsidiaries, owns, develops and operates resorts in prime beach locations in Mexico and the Caribbean. The Company 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 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 in Jamaica; Hilton La Romana All-Inclusive Family Resort, Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana and Jewel Palm Beach in the Dominican Republic; and manages resorts on behalf of third-party owners.
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