Shares of Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) traded up 4.9% during mid-day trading on Tuesday . The company traded as high as $6.47 and last traded at $6.43. 23,540 shares were traded during mid-day trading, a decline of 98% from the average session volume of 1,205,782 shares. The stock had previously closed at $6.13.
Playa Hotels & Resorts Trading Down 6.5 %
The company has a market cap of $1.01 billion, a PE ratio of 16.92 and a beta of 1.63. The business has a 50 day simple moving average of $6.74 and a two-hundred day simple moving average of $7.69. The company has a current ratio of 2.74, a quick ratio of 2.63 and a debt-to-equity ratio of 1.55.
Get Playa Hotels & Resorts alerts:Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.07. Playa Hotels & Resorts had a return on equity of 5.81% and a net margin of 7.95%. The company had revenue of $221.27 million for the quarter, compared to analyst estimates of $205.01 million. During the same quarter in the prior year, the company posted ($0.06) EPS. The business's revenue for the quarter was up 71.8% compared to the same quarter last year. On average, analysts forecast that Playa Hotels & Resorts will post 0.51 EPS for the current fiscal year.
Insiders Place Their Bets
In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 20,000 shares of the stock in a transaction on Monday, June 27th. The stock was sold at an average price of $7.00, for a total transaction of $140,000.00. Following the transaction, the director now owns 2,874,033 shares of the company's stock, valued at approximately $20,118,231. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 100,000 shares of company stock valued at $713,200 in the last quarter. 6.50% of the stock is currently owned by company insiders.Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in PLYA. UBS Group AG raised its position in shares of Playa Hotels & Resorts by 25.1% in the 2nd quarter. UBS Group AG now owns 7,376 shares of the company's stock worth $50,000 after buying an additional 1,478 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in shares of Playa Hotels & Resorts in the 1st quarter worth $67,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Playa Hotels & Resorts in the 2nd quarter worth $67,000. Bridgefront Capital LLC purchased a new position in shares of Playa Hotels & Resorts in the 1st quarter worth $99,000. Finally, Keebeck Alpha LP acquired a new stake in Playa Hotels & Resorts in the 2nd quarter valued at $102,000. 77.93% of the stock is owned by hedge funds and other institutional investors.
Playa Hotels & Resorts Company Profile
(Get Rating)
Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. As of December 31, 2021, it owned a portfolio of 22 resorts with 8,366 rooms located in Mexico, Jamaica, and the Dominican Republic. The company was founded in 2006 and is headquartered in Fairfax, Virginia.
Further Reading
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