Karl Mr. Peterson Sells 5,000 Shares of Playa Hotels & Resorts (NASDAQ:PLYA) Stock

Playa Hotels & Resorts (NASDAQ:PLYA) Director Karl Mr. Peterson sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total value of $47,900.00. Following the transaction, the director now directly owns 2,529,033 shares of the company’s stock, valued at approximately $24,228,136.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, March 19th, Karl Mr. Peterson sold 5,000 shares of Playa Hotels & Resorts stock. The stock was sold at an average price of $9.45, for a total value of $47,250.00.
• On Tuesday, February 27th, Karl Mr. Peterson sold 20,000 shares of Playa Hotels & Resorts stock. The stock was sold at an average price of $9.22, for a total value of $184,400.00.

Playa Hotels & Resorts Price Performance

PLYA stock traded up $0.06 during midday trading on Thursday, reaching $9.49. 650,751 shares of the stock were exchanged, compared to its average volume of 638,274. The stock has a market capitalization of $1.30 billion, a PE ratio of 27.91, a P/E/G ratio of 7.12 and a beta of 1.53. Playa Hotels & Resorts has a 52 week low of $6.88 and a 52 week high of $9.84. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.00 and a quick ratio of 1.91. The company has a fifty day moving average price of $9.22 and a 200 day moving average price of $8.24.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.04 earnings per share for the quarter. Playa Hotels & Resorts had a return on equity of 10.67% and a net margin of 5.51%. The business had revenue of $242.52 million for the quarter, compared to analyst estimates of $221.68 million. During the same quarter in the previous year, the company posted $0.13 EPS. Playa Hotels & Resorts’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, analysts expect that Playa Hotels & Resorts will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Playa Hotels & Resorts

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Playa Hotels & Resorts by 6.7% in the 4th quarter. Vanguard Group Inc. now owns 2,507,831 shares of the company’s stock valued at $21,693,000 after buying an additional 157,454 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Playa Hotels & Resorts by 9.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,421,243 shares of the company’s stock valued at $46,894,000 after buying an additional 461,888 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Playa Hotels & Resorts by 114.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 959,158 shares of the company’s stock valued at $8,297,000 after buying an additional 512,246 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Playa Hotels & Resorts by 14.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 174,806 shares of the company’s stock valued at $1,512,000 after buying an additional 21,478 shares during the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Playa Hotels & Resorts in the 4th quarter valued at about $92,000. Institutional investors own 74.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial boosted their price objective on Playa Hotels & Resorts from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th.

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.