Barclays PLC Has $322,000 Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Barclays PLC reduced its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 31.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,140 shares of the company’s stock after selling 19,978 shares during the quarter. Barclays PLC’s holdings in Playa Hotels & Resorts were worth $322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Glassman Wealth Services bought a new position in shares of Playa Hotels & Resorts during the 1st quarter worth approximately $60,000. Financial Counselors Inc. bought a new position in shares of Playa Hotels & Resorts during the 1st quarter worth approximately $99,000. M&T Bank Corp boosted its stake in shares of Playa Hotels & Resorts by 14.5% during the 1st quarter. M&T Bank Corp now owns 14,078 shares of the company’s stock worth $103,000 after acquiring an additional 1,778 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Playa Hotels & Resorts by 361.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,599 shares of the company’s stock worth $114,000 after acquiring an additional 12,218 shares during the period. Finally, Cetera Advisor Networks LLC bought a new position in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $131,000. Institutional investors own 77.72% of the company’s stock.

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Playa Hotels & Resorts from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, May 7th. Bank of America started coverage on Playa Hotels & Resorts in a research note on Tuesday, April 13th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Zacks Investment Research upgraded Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research note on Friday, July 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Playa Hotels & Resorts presently has a consensus rating of “Buy” and a consensus target price of $8.20.

PLYA opened at $7.05 on Thursday. The firm has a fifty day moving average price of $7.26. The company has a market cap of $1.16 billion, a P/E ratio of -3.16 and a beta of 2.23. Playa Hotels & Resorts has a 1 year low of $3.49 and a 1 year high of $8.35. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.50 and a quick ratio of 2.38.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings results on Wednesday, May 5th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.03. The business had revenue of $77.75 million during the quarter, compared to the consensus estimate of $66.03 million. Playa Hotels & Resorts had a negative return on equity of 38.63% and a negative net margin of 178.21%. On average, sell-side analysts predict that Playa Hotels & Resorts will post -0.82 EPS for the current year.

In other news, Director Karl Mr. Peterson sold 40,000 shares of the company’s stock in a transaction on Tuesday, July 13th. The stock was sold at an average price of $7.07, for a total transaction of $282,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard B. Fried sold 6,642,314 shares of the company’s stock in a transaction on Wednesday, May 19th. The shares were sold at an average price of $6.88, for a total value of $45,699,120.32. Following the sale, the director now owns 40,918 shares of the company’s stock, valued at $281,515.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,775,343 shares of company stock valued at $46,673,575. Corporate insiders own 6.91% of the company’s stock.

Playa Hotels & Resorts Profile

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 March 10, 2021, it owned a portfolio of 20 resorts comprising 7,867 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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Institutional Ownership by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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