Insider Selling: Playa Hotels & Resorts (NASDAQ:PLYA) COO Sells $27,881.58 in Stock

Playa Hotels & Resorts (NASDAQ:PLYA) COO Gregory Maliassas sold 3,659 shares of the stock in a transaction on Friday, November 19th. The stock was sold at an average price of $7.62, for a total transaction of $27,881.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of PLYA opened at $7.70 on Thursday. Playa Hotels & Resorts has a 12 month low of $4.84 and a 12 month high of $9.46. The firm has a fifty day simple moving average of $8.28 and a 200 day simple moving average of $7.53. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -6.94 and a beta of 2.03. The company has a current ratio of 2.64, a quick ratio of 2.52 and a debt-to-equity ratio of 1.82.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings results on Wednesday, November 3rd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Playa Hotels & Resorts had a negative net margin of 38.59% and a negative return on equity of 21.49%. During the same quarter last year, the firm posted ($0.57) earnings per share. As a group, research analysts predict that Playa Hotels & Resorts will post -0.49 earnings per share for the current fiscal year.

Several research analysts recently commented on the stock. Zacks Investment Research cut shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, October 20th. Citigroup increased their target price on shares of Playa Hotels & Resorts from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Wednesday, October 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Playa Hotels & Resorts presently has an average rating of “Hold” and an average target price of $8.67.

Hedge funds have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Playa Hotels & Resorts in the second quarter valued at $5,227,000. Northern Trust Corp lifted its stake in Playa Hotels & Resorts by 76.4% in the first quarter. Northern Trust Corp now owns 247,017 shares of the company’s stock valued at $1,803,000 after acquiring an additional 106,971 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in Playa Hotels & Resorts by 74.6% in the first quarter. Cubist Systematic Strategies LLC now owns 80,256 shares of the company’s stock valued at $586,000 after acquiring an additional 34,294 shares during the last quarter. Poehling Capital Management LLC lifted its stake in Playa Hotels & Resorts by 166.8% in the second quarter. Poehling Capital Management LLC now owns 139,429 shares of the company’s stock valued at $1,036,000 after acquiring an additional 87,169 shares during the last quarter. Finally, Spouting Rock Asset Management LLC acquired a new stake in Playa Hotels & Resorts in the second quarter valued at $667,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV operates hotels and resorts. It engages in the ownership, operation, and development of all-inclusive resorts in beachfront location destinations in Mexico and the Caribbean. The company owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen an All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, Hyatt Ziva Los Cabos, Hyatt Zilara Rose Hall and Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Dunn’s River Beach Resort, Jewel Grande Montego Bay Resort & Spa, Jewel Runaway Bay Beach & Golf Resort, Jewel Paradise Cove Beach Resort & Spa, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana Hilton La Romana an All-Inclusive Family Resort and Hilton La Romana an All-Inclusive Adult Resort.

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Insider Buying and Selling by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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