Halter Ferguson Financial Inc. Invests $3.29 Million in Playa Hotels & Resorts (NASDAQ:PLYA)

Halter Ferguson Financial Inc. bought a new position in Playa Hotels & Resorts (NASDAQ:PLYA) in the 4th quarter, HoldingsChannel.com reports. The fund bought 379,722 shares of the company’s stock, valued at approximately $3,285,000. Playa Hotels & Resorts makes up approximately 2.1% of Halter Ferguson Financial Inc.’s investment portfolio, making the stock its 10th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HG Vora Capital Management LLC boosted its stake in Playa Hotels & Resorts by 13.6% during the third quarter. HG Vora Capital Management LLC now owns 12,500,000 shares of the company’s stock worth $90,500,000 after acquiring an additional 1,500,000 shares in the last quarter. Renaissance Group LLC lifted its holdings in shares of Playa Hotels & Resorts by 7.8% during the 4th quarter. Renaissance Group LLC now owns 348,186 shares of the company’s stock valued at $3,012,000 after buying an additional 25,133 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Playa Hotels & Resorts by 11.0% in the 4th quarter. BNP Paribas Financial Markets now owns 1,008,037 shares of the company’s stock worth $8,720,000 after purchasing an additional 99,649 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Playa Hotels & Resorts by 159.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 393,829 shares of the company’s stock worth $2,851,000 after purchasing an additional 242,039 shares in the last quarter. Finally, Inceptionr LLC purchased a new stake in Playa Hotels & Resorts in the 4th quarter worth $93,000. Institutional investors own 74.58% of the company’s stock.

Insiders Place Their Bets

In related news, Director Karl Mr. Peterson sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $9.58, for a total value of $47,900.00. Following the transaction, the director now directly owns 2,529,033 shares of the company’s stock, valued at approximately $24,228,136.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Karl Mr. Peterson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $9.58, for a total value of $47,900.00. Following the completion of the sale, the director now owns 2,529,033 shares in the company, valued at approximately $24,228,136.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brandon B. Buhler sold 35,915 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total transaction of $324,671.60. Following the completion of the sale, the chief accounting officer now owns 102,598 shares of the company’s stock, valued at approximately $927,485.92. The disclosure for this sale can be found here. Insiders have sold a total of 65,915 shares of company stock worth $604,222 in the last ninety days. 9.70% of the stock is owned by corporate insiders.

Playa Hotels & Resorts Price Performance

Shares of PLYA stock traded up $0.14 on Friday, reaching $8.44. 690,085 shares of the company were exchanged, compared to its average volume of 638,139. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 0.66 and a beta of 1.54. The business has a 50-day moving average price of $9.17 and a 200 day moving average price of $8.62. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.16 and a current ratio of 2.26. Playa Hotels & Resorts has a 1 year low of $6.88 and a 1 year high of $9.85.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. Playa Hotels & Resorts had a net margin of 6.52% and a return on equity of 12.08%. The business had revenue of $300.64 million during the quarter, compared to analysts’ expectations of $273.77 million. During the same quarter in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLYA has been the subject of a number of research analyst reports. Truist Financial raised their price objective on Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Playa Hotels & Resorts from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, May 9th.

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. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.