BNP Paribas Financial Markets grew its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA – Free Report) by 11.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,008,037 shares of the company’s stock after purchasing an additional 99,649 shares during the period. BNP Paribas Financial Markets’ holdings in Playa Hotels & Resorts were worth $8,720,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. HG Vora Capital Management LLC raised its stake in Playa Hotels & Resorts by 13.6% during the third quarter. HG Vora Capital Management LLC now owns 12,500,000 shares of the company’s stock valued at $90,500,000 after buying an additional 1,500,000 shares during the last quarter. Voss Capital LLC raised its position in shares of Playa Hotels & Resorts by 14.2% in the 4th quarter. Voss Capital LLC now owns 3,596,890 shares of the company’s stock worth $31,113,000 after purchasing an additional 446,890 shares during the last quarter. Cooper Creek Partners Management LLC boosted its stake in Playa Hotels & Resorts by 25.3% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 2,246,810 shares of the company’s stock worth $16,267,000 after purchasing an additional 454,114 shares in the last quarter. LSV Asset Management grew its position in Playa Hotels & Resorts by 4.0% during the 3rd quarter. LSV Asset Management now owns 2,056,400 shares of the company’s stock valued at $14,888,000 after purchasing an additional 79,800 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Playa Hotels & Resorts by 9.1% during the 3rd quarter. American Century Companies Inc. now owns 1,857,584 shares of the company’s stock valued at $13,449,000 after purchasing an additional 155,349 shares in the last quarter. 74.58% of the stock is owned by institutional investors.
Playa Hotels & Resorts Stock Performance
Shares of PLYA stock opened at $8.33 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.26 and a debt-to-equity ratio of 1.81. The company has a 50 day moving average price of $9.25 and a 200-day moving average price of $8.58. Playa Hotels & Resorts has a 52 week low of $6.88 and a 52 week high of $9.85. The firm has a market capitalization of $1.11 billion, a PE ratio of 18.11, a P/E/G ratio of 0.51 and a beta of 1.54.
Playa Hotels & Resorts (NASDAQ:PLYA – Get Free Report) last posted its earnings results on Monday, May 6th. The company reported $0.40 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 the consensus estimate of $273.77 million. Playa Hotels & Resorts had a net margin of 6.52% and a return on equity of 12.08%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. As a group, equities research analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.
Insider Activity at Playa Hotels & Resorts
In other Playa Hotels & Resorts news, CAO Brandon B. Buhler sold 35,915 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.04, for a total value of $324,671.60. Following the transaction, the chief accounting officer now directly owns 102,598 shares of the company’s stock, valued at $927,485.92. The sale 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 the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total value of $324,671.60. Following 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 can be accessed through this hyperlink. Also, Director Karl Mr. Peterson sold 5,000 shares of Playa Hotels & Resorts stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total transaction of $47,900.00. Following the transaction, the director now owns 2,529,033 shares in the company, valued at approximately $24,228,136.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,915 shares of company stock worth $604,222. 9.70% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
PLYA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price 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 upped their price objective on Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th.
Read Our Latest Analysis on PLYA
About Playa Hotels & Resorts
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.
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