Shares of Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) hit a new 52-week high on Tuesday following a stronger than expected earnings report. The stock traded as high as $9.85 and last traded at $9.50, with a volume of 116014 shares. The stock had previously closed at $9.43.
The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. Playa Hotels & Resorts had a return on equity of 10.67% and a net margin of 5.51%. The company had revenue of $300.64 million for the quarter, compared to the consensus estimate of $273.77 million. During the same quarter last year, the business posted $0.31 EPS. Playa Hotels & Resorts's revenue for the quarter was up 9.8% on a year-over-year basis.
Analysts Set New Price Targets
Separately, Truist Financial lifted 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.
Get Our Latest Stock Analysis on PLYA
Insider Transactions at Playa Hotels & Resorts
In other news, Director Karl Mr. Peterson sold 20,000 shares of Playa Hotels & Resorts stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.22, for a total value of $184,400.00. Following the completion of the transaction, the director now directly owns 2,539,033 shares of the company's stock, valued at approximately $23,409,884.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Karl Mr. Peterson sold 20,000 shares of Playa Hotels & Resorts stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.22, for a total value of $184,400.00. Following the completion of the transaction, the director now directly owns 2,539,033 shares of the company's stock, valued at approximately $23,409,884.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Brandon B. Buhler sold 35,915 shares of Playa Hotels & Resorts stock in a transaction dated 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 of the company's stock, valued at $927,485.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,915 shares of company stock valued at $604,222. Corporate insiders own 7.60% of the company's stock.
Institutional Trading of Playa Hotels & Resorts
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLYA. Raymond James Financial Services Advisors Inc. increased its position in Playa Hotels & Resorts by 12.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 236,572 shares of the company's stock valued at $1,713,000 after buying an additional 26,458 shares in the last quarter. LSV Asset Management increased its position in Playa Hotels & Resorts by 4.0% in the 3rd quarter. LSV Asset Management now owns 2,056,400 shares of the company's stock valued at $14,888,000 after buying an additional 79,800 shares in the last quarter. Jump Financial LLC increased its position in Playa Hotels & Resorts by 237.4% in the 3rd quarter. Jump Financial LLC now owns 51,700 shares of the company's stock valued at $374,000 after buying an additional 36,379 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Playa Hotels & Resorts in the 3rd quarter valued at about $76,000. Finally, CenterBook Partners LP bought a new stake in Playa Hotels & Resorts in the 3rd quarter valued at about $98,000. 74.58% of the stock is owned by institutional investors.
Playa Hotels & Resorts Price Performance
The firm has a market capitalization of $1.28 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 6.89 and a beta of 1.54. The business has a 50-day moving average of $9.37 and a 200 day moving average of $8.50. The company has a current ratio of 2.00, a quick ratio of 1.91 and a debt-to-equity ratio of 1.91.
About Playa Hotels & Resorts
(
Get Free Report)
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.
See Also
Before you consider Playa Hotels & Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Playa Hotels & Resorts wasn't on the list.
While Playa Hotels & Resorts currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
