Citigroup Inc. Sells 9,755 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)
Citigroup Inc. reduced its stake in Playa Hotels & Resorts (NASDAQ:PLYA – Free Report) by 54.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,187 shares of the company’s stock after selling 9,755 shares during the period. Citigroup Inc.’s holdings in Playa Hotels […] Citigroup Inc. reduced its stake in Playa Hotels & Resorts (NASDAQ:PLYA) by 54.4% during the 3rd quarter. The fund now owns 8,187 shares of the company’s stock after selling 9,755 shares. Citigroup Inc.'s holdings were worth $59,000 at the end of the most recent quarter. Other institutional investors have also made changes to their positions in the stock. American Century Companies Inc. raised its position in shares of Playa by 9.1% in the 3th quarter and acquired 155,349 shares during the period. Legal & General Group Plc increased its position by 13.8%. The company's target price was lifted from $13.00 to $14.00 and gave the stock a "buy" rating in a report on February 27th.
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Citigroup Inc. reduced its stake in Playa Hotels & Resorts (NASDAQ:PLYA – Free Report) by 54.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,187 shares of the company’s stock after selling 9,755 shares during the period. Citigroup Inc.’s holdings in Playa Hotels & Resorts were worth $59,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. American Century Companies Inc. raised its position in shares of Playa Hotels & Resorts by 9.1% in the 3rd quarter. American Century Companies Inc. now owns 1,857,584 shares of the company’s stock valued at $13,449,000 after acquiring an additional 155,349 shares during the period. SkyView Investment Advisors LLC raised its holdings in Playa Hotels & Resorts by 5.1% in the third quarter. SkyView Investment Advisors LLC now owns 44,739 shares of the company’s stock worth $324,000 after purchasing an additional 2,173 shares during the period. Creative Planning boosted its position in shares of Playa Hotels & Resorts by 4.5% during 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 in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Playa Hotels & Resorts in the 3rd quarter valued at $111,000. Finally, Legal & General Group Plc increased its position in shares of Playa Hotels & Resorts by 13.8% in the 3rd quarter. Legal & General Group Plc now owns 102,455 shares of the company’s stock valued at $742,000 after buying an additional 12,442 shares in the last quarter. 74.58% of the stock is owned by institutional investors and hedge funds.
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.
In related news, CAO Brandon B. Buhler sold 11,054 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $8.37, for a total transaction of $92,521.98. Following the completion of the transaction, the chief accounting officer now directly owns 96,406 shares in the company, valued at $806,918.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $9.45, for a total value of $47,250.00. Following the completion of the transaction, the director now directly owns 2,534,033 shares in the company, valued at $23,946,611.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Brandon B. Buhler sold 11,054 shares of the business’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 value of $92,521.98. Following the transaction, the chief accounting officer now directly owns 96,406 shares in the company, valued at approximately $806,918.22. The disclosure for this sale can be found here. Insiders have sold a total of 428,376 shares of company stock worth $3,537,232 over the last three months. Corporate insiders own 7.60% of the company’s stock.
Shares of PLYA opened at $9.66 on Tuesday. The firm has a market cap of $1.32 billion, a P/E ratio of 28.41, a PEG ratio of 7.19 and a beta of 1.53. Playa Hotels & Resorts has a twelve month low of $6.88 and a twelve month high of $9.84. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.91 and a current ratio of 2.00. The firm’s 50 day moving average price is $9.03 and its two-hundred day moving average price is $8.13.
Playa Hotels & Resorts (NASDAQ:PLYA – Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.04 EPS for the quarter. The business had revenue of $242.52 million for the quarter, compared to analyst estimates of $221.68 million. Playa Hotels & Resorts had a net margin of 5.51% and a return on equity of 10.67%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. On average, analysts forecast that Playa Hotels & Resorts will post 0.39 EPS for the current fiscal year.
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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Onderwerpen: Markets