Playa Hotels & Resorts (NASDAQ:PLYA) Director Karl Mr. Peterson Sells 5,000 Shares

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) Director Karl Mr. Peterson sold 5,000 shares of the firm's stock in a transaction 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 owns 2,529,033 shares of the company's stock, valued at $24,228,136.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Karl Mr. Peterson also recently made the following trade(s):

• On Tuesday, March 19th, Karl Mr. Peterson sold 5,000 shares of Playa Hotels & Resorts stock. The shares were sold at an average price of $9.45, for a total transaction of $47,250.00.
• On Tuesday, February 27th, Karl Mr. Peterson sold 20,000 shares of Playa Hotels & Resorts stock. The stock was sold at an average price of $9.22, for a total transaction of $184,400.00.

Playa Hotels & Resorts Trading Up 0.6 %

PLYA stock traded up $0.06 during trading on Thursday, hitting $9.49. The company had a trading volume of 650,751 shares, compared to its average volume of 638,274. The company has a quick ratio of 1.91, a current ratio of 2.00 and a debt-to-equity ratio of 1.91. The firm has a 50-day moving average price of $9.22 and a 200-day moving average price of $8.24. Playa Hotels & Resorts has a 12 month low of $6.88 and a 12 month high of $9.84. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 7.12 and a beta of 1.53.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $242.52 million during the quarter, compared to analysts' expectations of $221.68 million. Playa Hotels & Resorts had a net margin of 5.51% and a return on equity of 10.67%. Playa Hotels & Resorts's revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, analysts predict that Playa Hotels & Resorts will post 0.39 earnings per share for the current year.

Institutional Trading of Playa Hotels & Resorts

Several institutional investors and hedge funds have recently made changes to their positions in PLYA. JPMorgan Chase & Co. raised its position in shares of Playa Hotels & Resorts by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 524,376 shares of the company's stock valued at $4,536,000 after acquiring an additional 166,474 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Playa Hotels & Resorts during the 1st quarter valued at $3,705,000. Dimensional Fund Advisors LP raised its position in shares of Playa Hotels & Resorts by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,280,937 shares of the company's stock valued at $19,732,000 after acquiring an additional 170,730 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Playa Hotels & Resorts by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,295,671 shares of the company's stock valued at $19,857,000 after acquiring an additional 12,747 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Playa Hotels & Resorts in the 1st quarter valued at $447,000. Institutional investors own 74.58% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their price target on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, February 27th.

Playa Hotels & Resorts Company 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.

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