Playa Hotels & Resorts (NASDAQ:PLYA) Shares Bought by Voss Capital LLC

Voss Capital LLC raised its holdings in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,596,890 shares of the company's stock after buying an additional 446,890 shares during the period. Playa Hotels & Resorts comprises about 3.0% of Voss Capital LLC's holdings, making the stock its 13th largest position. Voss Capital LLC owned 2.64% of Playa Hotels & Resorts worth $31,113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PLYA. Royal Bank of Canada grew its holdings in shares of Playa Hotels & Resorts by 89.0% during the second quarter. Royal Bank of Canada now owns 3,780 shares of the company's stock worth $30,000 after purchasing an additional 1,780 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Playa Hotels & Resorts by 9,710.4% during the second quarter. Tower Research Capital LLC TRC now owns 6,573 shares of the company's stock worth $54,000 after purchasing an additional 6,506 shares during the last quarter. UBS Group AG grew its holdings in shares of Playa Hotels & Resorts by 25.1% during the second quarter. UBS Group AG now owns 7,376 shares of the company's stock worth $50,000 after purchasing an additional 1,478 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Playa Hotels & Resorts during the third quarter worth about $76,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Playa Hotels & Resorts during the third quarter worth about $76,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Stock Performance

Shares of NASDAQ PLYA traded down $0.05 during midday trading on Monday, reaching $9.21. 445,502 shares of the company were exchanged, compared to its average volume of 633,360. Playa Hotels & Resorts has a 1 year low of $6.88 and a 1 year high of $9.84. The stock has a fifty day simple moving average of $9.24 and a 200 day simple moving average of $8.27. The stock has a market cap of $1.29 billion, a P/E ratio of 27.24, a PEG ratio of 6.86 and a beta of 1.53. The company has a current ratio of 2.00, a quick ratio of 1.91 and a debt-to-equity ratio of 1.91.

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

Insider Activity

In other news, EVP Tracy M. J. Colden sold 44,480 shares of Playa Hotels & Resorts stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $8.04, for a total transaction of $357,619.20. Following the completion of the sale, the executive vice president now directly owns 327,742 shares in the company, valued at approximately $2,635,045.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Ryan Paul Hymel sold 104,425 shares of Playa Hotels & Resorts stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $8.04, for a total transaction of $839,577.00. Following the completion of the transaction, the chief financial officer now directly owns 698,146 shares in the company, valued at approximately $5,613,093.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tracy M. J. Colden sold 44,480 shares of Playa Hotels & Resorts stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $8.04, for a total value of $357,619.20. Following the transaction, the executive vice president now owns 327,742 shares of the company's stock, valued at $2,635,045.68. The disclosure for this sale can be found here. In the last three months, insiders sold 352,999 shares of company stock worth $2,912,377. Company insiders own 7.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

About Playa Hotels & Resorts

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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