Shares of Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $5.94 and last traded at $5.95, with a volume of 13914 shares trading hands. The stock had previously closed at $6.09.
Playa Hotels & Resorts Stock Down 2.1 %
The firm's 50-day simple moving average is $6.74 and its 200 day simple moving average is $7.69. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.63 and a current ratio of 2.74. The stock has a market capitalization of $989.54 million, a P/E ratio of 16.56 and a beta of 1.63.
Get Playa Hotels & Resorts alerts:Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last released its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 business had revenue of $221.27 million for the quarter, compared to the consensus estimate of $205.01 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. Playa Hotels & Resorts's quarterly revenue was up 71.8% on a year-over-year basis. As a group, research analysts expect that Playa Hotels & Resorts will post 0.51 EPS for the current year.
Insiders Place Their Bets
In related news, Director Karl Mr. Peterson sold 20,000 shares of the firm's stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $7.00, for a total value of $140,000.00. Following the completion of the transaction, the director now directly owns 2,794,033 shares of the company's stock, valued at $19,558,231. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 100,000 shares of company stock valued at $713,200 in the last 90 days. 6.50% of the stock is currently owned by insiders.Institutional Investors Weigh In On Playa Hotels & Resorts
A number of institutional investors and hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new position in Playa Hotels & Resorts during the first quarter worth approximately $31,722,000. Goldman Sachs Group Inc. lifted its stake in Playa Hotels & Resorts by 128.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,490,994 shares of the company's stock worth $38,847,000 after purchasing an additional 2,521,623 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in Playa Hotels & Resorts by 44.7% in the second quarter. Driehaus Capital Management LLC now owns 5,937,960 shares of the company's stock valued at $40,794,000 after buying an additional 1,833,404 shares in the last quarter. Rubric Capital Management LP boosted its stake in shares of Playa Hotels & Resorts by 10.6% in the 4th quarter. Rubric Capital Management LP now owns 11,526,728 shares of the company's stock valued at $91,983,000 after purchasing an additional 1,107,085 shares in the last quarter. Finally, Q Global Advisors LLC acquired a new stake in Playa Hotels & Resorts in the fourth quarter valued at approximately $6,384,000. 77.93% of the stock is owned by institutional investors.
About Playa Hotels & Resorts
(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.
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