Playa Hotels & Resorts (NASDAQ:PLYA) Reaches New 1-Year High at $9.84
Playa Hotels & Resorts (NASDAQ:PLYA – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.84 and last traded at $9.74, with a volume of 64897 shares. The stock had previously closed at $9.75. Wall Street Analyst Weigh In Separately, Truist Financial […] Playa Hotels & Resorts (NASDAQ:PLYA)’s share price hit a new 52-week high during mid-day trading, reaching $9.84. The company reported $0.04 EPS for the quarter, with revenue of $242.52 million compared to analyst estimates of $221.68 million. Truist Financial has raised their target price on shares of Playa Hotel & Resort from $13.00 to $14.00 and gave the stock a “buy” rating. CFO Ryan Paul Hymel sold 22,951 shares of the business's stock in a transaction on Friday, January 5th. Following the sale, CIO Fernando Mulet now owns 415,965 shares in the company.
Publicado : hace 9 meses por Defense World Staff en Finance
Playa Hotels & Resorts (NASDAQ:PLYA – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.84 and last traded at $9.74, with a volume of 64897 shares. The stock had previously closed at $9.75.
Separately, Truist Financial lifted their target price on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th.
Playa Hotels & Resorts (NASDAQ:PLYA – Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.04 EPS for the quarter. Playa Hotels & Resorts had a net margin of 5.51% and a return on equity of 10.67%. The firm had revenue of $242.52 million during the quarter, compared to analyst estimates of $221.68 million. During the same period in the previous year, the business posted $0.13 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Sell-side analysts forecast that Playa Hotels & Resorts will post 0.39 EPS for the current year.
In related news, CIO Fernando Mulet sold 13,910 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $8.37, for a total transaction of $116,426.70. Following the completion of the sale, the executive now directly owns 415,965 shares in the company, valued at $3,481,627.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Ryan Paul Hymel sold 22,951 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $8.37, for a total transaction of $192,099.87. Following the completion of the sale, the chief financial officer now directly owns 495,431 shares in the company, valued at $4,146,757.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CIO Fernando Mulet sold 13,910 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $8.37, for a total transaction of $116,426.70. Following the completion of the transaction, the executive now owns 415,965 shares of the company’s stock, valued at $3,481,627.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 428,376 shares of company stock worth $3,537,232. 7.60% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the company. Legal & General Group Plc boosted its position in shares of Playa Hotels & Resorts by 3.8% in the fourth quarter. Legal & General Group Plc now owns 34,854 shares of the company’s stock worth $228,000 after purchasing an additional 1,285 shares during the period. HBK Sorce Advisory LLC boosted its position in shares of Playa Hotels & Resorts by 6.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 23,548 shares of the company’s stock worth $204,000 after purchasing an additional 1,369 shares during the period. UBS Group AG boosted its position in shares of Playa Hotels & Resorts by 25.1% in 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 period. Raymond James & Associates boosted its position in shares of Playa Hotels & Resorts by 2.3% in the fourth quarter. Raymond James & Associates now owns 65,821 shares of the company’s stock worth $569,000 after purchasing an additional 1,500 shares during the period. Finally, Creative Planning boosted its position in shares of Playa Hotels & Resorts by 4.5% in the third quarter. Creative Planning now owns 41,158 shares of the company’s stock worth $298,000 after purchasing an additional 1,756 shares during the period. 74.58% of the stock is currently owned by institutional investors.
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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