Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, February 23rd. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Playa Hotels & Resorts Stock Performance
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PLYA opened at $7.93 on Thursday. The firm has a market capitalization of $1.29 billion, a PE ratio of 18.44 and a beta of 1.55. The company has a current ratio of 2.36, a quick ratio of 2.28 and a debt-to-equity ratio of 1.55. Playa Hotels & Resorts has a twelve month low of $5.34 and a twelve month high of $9.81. The firm’s 50-day moving average price is $6.75 and its 200 day moving average price is $6.42.
Insider Activity
In other news, COO Gregory Maliassas sold 5,440 shares of Playa Hotels & Resorts stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $6.00, for a total value of $32,640.00. Following the sale, the chief operating officer now owns 252,674 shares of the company’s stock, valued at $1,516,044. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Playa Hotels & Resorts news, COO Gregory Maliassas sold 5,440 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $6.00, for a total value of $32,640.00. Following the sale, the chief operating officer now owns 252,674 shares of the company’s stock, valued at $1,516,044. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CIO Fernando Mulet sold 4,830 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $6.36, for a total transaction of $30,718.80. Following the completion of the sale, the executive now directly owns 327,687 shares in the company, valued at approximately $2,084,089.32. The disclosure for this sale can be found here. Insiders have sold a total of 103,087 shares of company stock valued at $652,856 over the last quarter. Corporate insiders own 6.50% of the company’s stock.
Institutional Investors Weigh In On Playa Hotels & Resorts
Several large investors have recently made changes to their positions in PLYA. Jefferies Financial Group Inc. purchased a new position in shares of Playa Hotels & Resorts in the fourth quarter valued at $34,000. Royal Bank of Canada boosted its stake in shares of Playa Hotels & Resorts by 246.4% in the third quarter. Royal Bank of Canada now owns 6,927 shares of the company’s stock valued at $41,000 after purchasing an additional 4,927 shares during the period. UBS Group AG boosted its stake in shares of Playa Hotels & Resorts by 25.1% in the second quarter. UBS Group AG now owns 7,376 shares of the company’s stock valued at $50,000 after purchasing an additional 1,478 shares during the period. Citigroup Inc. boosted its stake in shares of Playa Hotels & Resorts by 247.2% in the fourth quarter. Citigroup Inc. now owns 12,776 shares of the company’s stock valued at $83,000 after purchasing an additional 9,096 shares during the period. Finally, Bridgefront Capital LLC purchased a new position in shares of Playa Hotels & Resorts in the first quarter valued at $99,000. Institutional investors and hedge funds own 82.25% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Playa Hotels & Resorts from $15.00 to $14.00 in a research report on Thursday, November 3rd. Citigroup lifted their price target on shares of Playa Hotels & Resorts from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Playa Hotels & Resorts has a consensus rating of “Buy” and an average target price of $11.75.
About Playa Hotels & Resorts
Playa Hotels & Resorts NV engages in the operation of hotels and resorts. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana. The company was founded on March 28, 2013 and is headquartered in Amsterdam, the Netherlands.
See Also
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