Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) announced its quarterly earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08, MarketWatch Earnings reports. The firm had revenue of $219.60 million during the quarter, compared to the consensus estimate of $196.76 million. Playa Hotels & Resorts had a negative return on equity of 12.44% and a negative net margin of 16.77%. The firm’s quarterly revenue was up 182.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.31) EPS.
Shares of PLYA stock traded up $0.49 during trading hours on Friday, hitting $8.85. 2,004,430 shares of the company were exchanged, compared to its average volume of 1,337,945. The business’s 50-day simple moving average is $8.70 and its two-hundred day simple moving average is $8.18. Playa Hotels & Resorts has a one year low of $6.13 and a one year high of $9.81. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.32 and a current ratio of 2.43. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 68.08, a P/E/G ratio of 0.41 and a beta of 1.68.
In other news, Director Karl Mr. Peterson sold 90,000 shares of the business’s stock in a transaction dated Tuesday, March 8th. The shares were sold at an average price of $8.49, for a total transaction of $764,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Maria M. Miller acquired 5,250 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The shares were bought at an average price of $9.48 per share, for a total transaction of $49,770.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 250,000 shares of company stock worth $2,105,900. Insiders own 6.91% of the company’s stock.
Several institutional investors have recently modified their holdings of PLYA. Morgan Stanley boosted its position in shares of Playa Hotels & Resorts by 10.3% during the 2nd quarter. Morgan Stanley now owns 7,558,478 shares of the company’s stock valued at $56,160,000 after acquiring an additional 703,469 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Playa Hotels & Resorts during the 3rd quarter valued at about $97,000. Bank of New York Mellon Corp boosted its position in shares of Playa Hotels & Resorts by 11.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 61,171 shares of the company’s stock valued at $507,000 after acquiring an additional 6,500 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Playa Hotels & Resorts by 27.6% during the 4th quarter. Bank of America Corp DE now owns 24,827 shares of the company’s stock valued at $197,000 after acquiring an additional 5,367 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Playa Hotels & Resorts by 21.8% during the 4th quarter. JPMorgan Chase & Co. now owns 357,902 shares of the company’s stock valued at $2,856,000 after acquiring an additional 63,986 shares in the last quarter. Institutional investors and hedge funds own 80.54% of the company’s stock.
A number of equities analysts have weighed in on PLYA shares. TheStreet raised shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Monday, February 28th. Zacks Investment Research raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, March 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Playa Hotels & Resorts from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, February 28th. Finally, Oppenheimer started coverage on shares of Playa Hotels & Resorts in a research report on Thursday, April 21st. They issued an “outperform” rating and a $13.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Playa Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $10.55.
Playa Hotels & Resorts Company Profile (Get Rating)
Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. As of December 31, 2021, it owned a portfolio of 22 resorts with 8,366 rooms located in Mexico, Jamaica, and the Dominican Republic. The company was founded in 2006 and is headquartered in Fairfax, Virginia.
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