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Playa Hotels & Resorts (NASDAQ:PLYA) Shares Down 6.3%

Defense World ·  Sep 23, 2022 05:31

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) shares traded down 6.3% on Wednesday . The stock traded as low as $6.07 and last traded at $6.10. 23,702 shares traded hands during trading, a decline of 98% from the average session volume of 1,206,489 shares. The stock had previously closed at $6.51.

Playa Hotels & Resorts Stock Performance

The company has a debt-to-equity ratio of 1.55, a current ratio of 2.74 and a quick ratio of 2.63. The company's fifty day simple moving average is $6.73 and its two-hundred day simple moving average is $7.67. The stock has a market cap of $992.86 million, a price-to-earnings ratio of 16.61 and a beta of 1.63.

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Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.07. Playa Hotels & Resorts had a net margin of 7.95% and a return on equity of 5.81%. The firm had revenue of $221.27 million during the quarter, compared to analyst estimates of $205.01 million. During the same quarter in the prior year, the business posted ($0.06) EPS. The business's revenue was up 71.8% compared to the same quarter last year. On average, analysts forecast that Playa Hotels & Resorts will post 0.51 earnings per share for the current year.

Insider Transactions at Playa Hotels & Resorts

In other news, Director Karl Mr. Peterson sold 20,000 shares of the company'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 sale, the director now owns 2,794,033 shares in the company, valued at approximately $19,558,231. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 100,000 shares of company stock worth $713,200 in the last quarter. 6.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Playa Hotels & Resorts

Several institutional investors have recently made changes to their positions in the company. UBS Group AG grew its position in Playa Hotels & Resorts by 25.1% during the second quarter. UBS Group AG now owns 7,376 shares of the company's stock valued at $50,000 after buying an additional 1,478 shares during the period. Counterpoint Mutual Funds LLC bought a new position in Playa Hotels & Resorts during the first quarter valued at about $67,000. Robeco Institutional Asset Management B.V. bought a new position in Playa Hotels & Resorts during the second quarter valued at about $67,000. Bridgefront Capital LLC bought a new position in Playa Hotels & Resorts during the first quarter valued at about $99,000. Finally, Keebeck Alpha LP bought a new position in Playa Hotels & Resorts during the second quarter valued at about $102,000. Institutional investors own 77.93% of the company's stock.

Playa Hotels & Resorts Company Profile

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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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