Playa Hotels & Resorts (NASDAQ:PLYA) CEO Bruce D. Wardinski bought 25,000 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were bought at an average price of $10.95 per share, for a total transaction of $273,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Playa Hotels & Resorts stock traded up $0.11 during trading on Friday, reaching $11.01. The company’s stock had a trading volume of 938,235 shares, compared to its average volume of 270,342. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.42 and a current ratio of 1.50. The firm has a market capitalization of $1,202.78 and a PE ratio of 28.97. Playa Hotels & Resorts has a one year low of $9.41 and a one year high of $12.27.
Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Thursday, March 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.10. Playa Hotels & Resorts had a positive return on equity of 5.24% and a negative net margin of 0.04%. The firm had revenue of $126.54 million for the quarter, compared to analyst estimates of $124.85 million. research analysts forecast that Playa Hotels & Resorts will post 0.21 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of PLYA. Commonwealth Bank of Australia increased its stake in Playa Hotels & Resorts by 123.8% during the third quarter. Commonwealth Bank of Australia now owns 2,029,477 shares of the company’s stock valued at $20,126,000 after acquiring an additional 1,122,770 shares during the period. Wells Fargo & Company MN increased its stake in Playa Hotels & Resorts by 128.1% during the third quarter. Wells Fargo & Company MN now owns 1,892,941 shares of the company’s stock valued at $19,743,000 after acquiring an additional 1,063,085 shares during the period. Vanguard Group Inc. bought a new position in Playa Hotels & Resorts during the second quarter valued at about $7,590,000. Armistice Capital LLC increased its stake in Playa Hotels & Resorts by 36.6% during the fourth quarter. Armistice Capital LLC now owns 2,224,000 shares of the company’s stock valued at $23,997,000 after acquiring an additional 596,000 shares during the period. Finally, Keeley Teton Advisors LLC bought a new position in Playa Hotels & Resorts during the fourth quarter valued at about $5,019,000. Hedge funds and other institutional investors own 78.87% of the company’s stock.
PLYA has been the topic of a number of recent analyst reports. BidaskClub upgraded Playa Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Nomura reiterated a “buy” rating and issued a $16.00 price objective on shares of Playa Hotels & Resorts in a research note on Friday, January 19th. Finally, Zacks Investment Research upgraded Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.04.
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Playa Hotels & Resorts Company Profile
Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.
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