Gregory Maliassas Sells 5,440 Shares of Playa Hotels & Resorts (NASDAQ:PLYA) Stock

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) COO Gregory Maliassas sold 5,440 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $6.00, for a total value of $32,640.00. Following the sale, the chief operating officer now owns 252,674 shares in the company, valued at $1,516,044. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Playa Hotels & Resorts Stock Performance

Shares of NASDAQ:PLYA traded down $0.06 during trading hours on Thursday, hitting $6.02. The stock had a trading volume of 833,577 shares, compared to its average volume of 1,279,548. The stock’s fifty day simple moving average is $5.90 and its 200 day simple moving average is $6.81. The firm has a market capitalization of $977.59 million, a price-to-earnings ratio of 14.00 and a beta of 1.58. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.28 and a current ratio of 2.36. Playa Hotels & Resorts has a 1-year low of $5.34 and a 1-year high of $9.81.

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Playa Hotels & Resorts had a return on equity of 8.49% and a net margin of 8.66%. Sell-side analysts anticipate that Playa Hotels & Resorts will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PLYA. UBS Asset Management Americas Inc. lifted its holdings in Playa Hotels & Resorts by 2,245.5% in the third quarter. UBS Asset Management Americas Inc. now owns 3,031,748 shares of the company’s stock worth $17,645,000 after purchasing an additional 2,902,491 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Playa Hotels & Resorts by 128.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,490,994 shares of the company’s stock worth $38,847,000 after buying an additional 2,521,623 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in shares of Playa Hotels & Resorts by 44.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 5,937,960 shares of the company’s stock worth $40,794,000 after acquiring an additional 1,833,404 shares during the period. Balyasny Asset Management LLC bought a new position in shares of Playa Hotels & Resorts in the third quarter valued at approximately $8,621,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Playa Hotels & Resorts by 34.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,904,042 shares of the company’s stock valued at $22,720,000 after acquiring an additional 997,173 shares during the period. Institutional investors own 77.93% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft dropped their target price on Playa Hotels & Resorts from $15.00 to $14.00 in a research report on Thursday, November 3rd.

About Playa Hotels & Resorts

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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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