Gregory Maliassas sells 5,440 shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) COO Gregory Maliassas sold 5,440 shares in a trade that took place on Monday, November 21. The stock was sold at an average price of $6.00, for a total value of $32,640.00. Following completion of the transaction, the COO now directly owns 252,674 shares of the company, valued at approximately $1,516,044. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.

Playa Hotels & Resorts stock down 1.0%

The NASDAQ PLYA traded at $0.06 midday on Wednesday, hitting $6.02. 833,577 shares of the company have been traded, against an average volume of 1,383,950. The company has a debt ratio of 1.55, a current ratio of 2.36 and a quick ratio of 2.28. The company has a market capitalization of $977.57 million, a PE ratio of 14.14 and a beta of 1.58. The company’s 50-day simple moving average is $5.91 and its 200-day simple moving average is $6.81. Playa Hotels & Resorts has a 52-week low of $5.34 and a 52-week high of $9.81.

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last announced its results on Thursday, November 3. The company reported earnings per share (EPS) of $0.04 for the quarter, beating the consensus estimate of $0.02 by $0.02. Playa Hotels & Resorts achieved a return on equity of 8.49% and a net margin of 8.66%. As a group, equity research analysts expect Playa Hotels & Resorts to post 0.36 earnings per share for the current year.

Analyst upgrades and downgrades

Separately, Deutsche Bank Aktiengesellschaft lowered its price target on Playa Hotels & Resorts from $15.00 to $14.00 in a Thursday, Nov. 3 research note.

Playa Hotels & Resorts Institutional Trade

Several hedge funds and other institutional investors have been buying and selling stocks recently. Teacher Retirement System of Texas strengthened its position in Playa Hotels & Resorts by 5.8% in the 1st quarter. Teacher Retirement System of Texas now owns 23,574 shares of the company valued at $204,000 after acquiring 1,300 additional shares in the last quarter. UBS Group AG increased its position in Playa Hotels & Resorts by 25.1% in the second quarter. UBS Group AG now owns 7,376 shares of the company valued at $50,000 after acquiring 1,478 additional shares in the last quarter. Manning & Napier Group LLC increased its position in shares of Playa Hotels & Resorts by 0.5% in the 3rd quarter. Manning & Napier Group LLC now owns 327,770 shares of the company worth $1,906,000 after purchasing an additional 1,772 shares last quarter. Aigen Investment Management LP increased its position in shares of Playa Hotels & Resorts by 7.8% in the 2nd quarter. Aigen Investment Management LP now owns 26,640 shares of the company worth $183,000 after buying 1,931 additional shares in the last quarter. Finally, California State Teachers Retirement System strengthened its position in shares of Playa Hotels & Resorts by 2.3% in the 3rd quarter. California State Teachers Retirement System now owns 114,120 shares of the company worth $664,000 after buying 2,522 additional shares in the last quarter. Institutional investors hold 77.93% of the company’s shares.

Company Profile Playa Hotels & Resorts

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Playa Hotels & Resorts NV, together with its subsidiaries, owns, develops and operates resort hotels in prime beachfront locations throughout Mexico and the Caribbean. As of December 31, 2021, it had 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 based in Fairfax, Virginia.

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

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