230,000 Shares in Playa Hotels & Resorts (NASDAQ:PLYA) Purchased by MYDA Advisors LLC

MYDA Advisors LLC purchased a new position in Playa Hotels & Resorts (NASDAQ:PLYA) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 230,000 shares of the company’s stock, valued at approximately $1,679,000. MYDA Advisors LLC owned approximately 0.14% of Playa Hotels & Resorts as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Glassman Wealth Services bought a new stake in Playa Hotels & Resorts during the first quarter worth approximately $60,000. Financial Counselors Inc. bought a new stake in Playa Hotels & Resorts during the first quarter worth approximately $99,000. National Asset Management Inc. bought a new stake in Playa Hotels & Resorts during the fourth quarter worth approximately $83,000. M&T Bank Corp raised its holdings in Playa Hotels & Resorts by 14.5% during the first quarter. M&T Bank Corp now owns 14,078 shares of the company’s stock worth $103,000 after purchasing an additional 1,778 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Playa Hotels & Resorts by 361.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,599 shares of the company’s stock worth $114,000 after purchasing an additional 12,218 shares in the last quarter. Institutional investors and hedge funds own 77.76% of the company’s stock.

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 45,000 shares of Playa Hotels & Resorts stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $7.44, for a total transaction of $334,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Kevin Froemming sold 5,473 shares of Playa Hotels & Resorts stock in a transaction that occurred on Tuesday, May 18th. The stock was sold at an average price of $7.47, for a total transaction of $40,883.31. Following the transaction, the chief marketing officer now owns 397,482 shares in the company, valued at $2,969,190.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,695,343 shares of company stock worth $46,093,975. 4.09% of the stock is currently owned by company insiders.

Playa Hotels & Resorts stock traded up $0.05 during mid-day trading on Friday, hitting $7.63. The company’s stock had a trading volume of 6,711 shares, compared to its average volume of 1,673,779. The company has a quick ratio of 2.38, a current ratio of 2.50 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $1.25 billion, a PE ratio of -3.40 and a beta of 2.23. Playa Hotels & Resorts has a twelve month low of $2.81 and a twelve month high of $8.35. The firm’s fifty day simple moving average is $7.33.

Several equities research analysts recently commented on the company. Bank of America assumed coverage on Playa Hotels & Resorts in a report on Tuesday, April 13th. They set a “buy” rating and a $10.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on Playa Hotels & Resorts from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 7th. Finally, Zacks Investment Research upgraded shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, May 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.25.

About Playa Hotels & Resorts

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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