Stevens Capital Management LP Sells 59,214 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Stevens Capital Management LP trimmed its stake in Playa Hotels & Resorts (NASDAQ:PLYA) by 69.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,696 shares of the company’s stock after selling 59,214 shares during the period. Stevens Capital Management LP’s holdings in Playa Hotels & Resorts were worth $222,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. HBK Sorce Advisory LLC grew its position 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 acquiring an additional 1,369 shares during the period. Raymond James & Associates grew its position 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 acquiring an additional 1,500 shares during the period. SkyView Investment Advisors LLC grew its holdings in shares of Playa Hotels & Resorts by 5.1% during the third quarter. SkyView Investment Advisors LLC now owns 44,739 shares of the company’s stock worth $324,000 after purchasing an additional 2,173 shares during the last quarter. Clear Harbor Asset Management LLC grew its holdings in shares of Playa Hotels & Resorts by 8.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 31,900 shares of the company’s stock worth $276,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Playa Hotels & Resorts by 16.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company’s stock worth $158,000 after purchasing an additional 2,634 shares during the last quarter. 74.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Playa Hotels & Resorts Trading Down 1.0 %

NASDAQ:PLYA traded down $0.09 during mid-day trading on Friday, hitting $9.05. The company had a trading volume of 196,259 shares, compared to its average volume of 609,265. Playa Hotels & Resorts has a fifty-two week low of $6.88 and a fifty-two week high of $9.84. The business’s fifty day moving average is $9.34 and its two-hundred day moving average is $8.38. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.91 and a current ratio of 2.00. The firm has a market cap of $1.26 billion, a P/E ratio of 26.62, a P/E/G ratio of 6.79 and a beta of 1.53.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results 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 firm had revenue of $242.52 million for the quarter, compared to analyst estimates of $221.68 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, research analysts expect that Playa Hotels & Resorts will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Playa Hotels & Resorts

In related news, Director Karl Mr. Peterson sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total transaction of $47,900.00. Following the completion of the transaction, the director now directly owns 2,529,033 shares in the company, valued at $24,228,136.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Playa Hotels & Resorts news, CAO Brandon B. Buhler sold 35,915 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $9.04, for a total value of $324,671.60. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Karl Mr. Peterson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $9.58, for a total value of $47,900.00. Following the completion of the sale, the director now directly owns 2,529,033 shares of the company’s stock, valued at $24,228,136.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,915 shares of company stock valued at $604,222. 7.60% of the stock is currently owned by company insiders.

Playa Hotels & Resorts Profile

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.