1,580,426 Shares in Playa Hotels & Resorts (NASDAQ:PLYA) Purchased by Axon Capital LP

Axon Capital LP bought a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,580,426 shares of the company’s stock, valued at approximately $12,612,000. Playa Hotels & Resorts makes up 20.2% of Axon Capital LP’s investment portfolio, making the stock its 3rd biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ensign Peak Advisors Inc purchased a new position in Playa Hotels & Resorts during the fourth quarter worth about $58,000. Janus Henderson Group PLC purchased a new position in shares of Playa Hotels & Resorts in the 3rd quarter worth about $97,000. Fox Run Management L.L.C. purchased a new position in shares of Playa Hotels & Resorts in the 4th quarter worth about $124,000. Financial Counselors Inc. raised its holdings in shares of Playa Hotels & Resorts by 14.2% in the 4th quarter. Financial Counselors Inc. now owns 15,559 shares of the company’s stock worth $124,000 after purchasing an additional 1,930 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Playa Hotels & Resorts in the 3rd quarter worth about $155,000. Hedge funds and other institutional investors own 80.54% of the company’s stock.

A number of equities analysts have recently commented on PLYA shares. Zacks Investment Research upgraded Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Thursday, May 12th. Oppenheimer began coverage on Playa Hotels & Resorts in a report on Thursday, April 21st. They issued an “outperform” rating and a $13.00 price objective on the stock. TheStreet upgraded Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research note on Monday, February 28th. Deutsche Bank Aktiengesellschaft increased their target price on Playa Hotels & Resorts from $13.00 to $15.00 in a research note on Monday, May 9th. Finally, Truist Financial upgraded Playa Hotels & Resorts from a “hold” rating to a “buy” rating and increased their target price for the company from $8.00 to $11.00 in a research note on Monday, May 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $11.55.

Shares of NASDAQ PLYA opened at $7.95 on Friday. Playa Hotels & Resorts has a fifty-two week low of $6.13 and a fifty-two week high of $9.81. The business has a 50 day moving average price of $8.60 and a two-hundred day moving average price of $8.18. The company has a quick ratio of 2.32, a current ratio of 2.70 and a debt-to-equity ratio of 1.67. The firm has a market cap of $1.32 billion, a PE ratio of 61.16, a price-to-earnings-growth ratio of 0.20 and a beta of 1.68.

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. Playa Hotels & Resorts had a return on equity of 0.63% and a net margin of 3.37%. The firm had revenue of $219.60 million during the quarter, compared to analyst estimates of $196.76 million. During the same quarter last year, the firm earned ($0.31) EPS. Playa Hotels & Resorts’s quarterly revenue was up 182.6% on a year-over-year basis. On average, analysts anticipate that Playa Hotels & Resorts will post 0.32 earnings per share for the current year.

In other news, Director Karl Mr. Peterson sold 90,000 shares of Playa Hotels & Resorts stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $8.49, for a total value of $764,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Fernando Mulet sold 3,892 shares of Playa Hotels & Resorts stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $8.78, for a total value of $34,171.76. Following the completion of the transaction, the executive now owns 332,517 shares of the company’s stock, valued at approximately $2,919,499.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 265,830 shares of company stock valued at $2,246,387. 6.91% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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