Playa Hotels & Resorts N.V. (NASDAQ:PLYA) saw unusually-high trading volume on Tuesday following insider buying activity. Approximately 87,200 shares changed hands during mid-day trading, a decline of 71% from the previous session’s volume of 304,271 shares.The stock last traded at $10.31 and had previously closed at $10.41.
Specifically, Director Daniel J. Hirsch bought 30,000 shares of the stock in a transaction on Friday, November 10th. The shares were bought at an average price of $10.52 per share, with a total value of $315,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.74% of the company’s stock.
Several research firms have weighed in on PLYA. Zacks Investment Research raised Playa Hotels & Resorts N.V. from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, July 21st. Janney Montgomery Scott began coverage on Playa Hotels & Resorts N.V. in a report on Thursday, September 7th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Northland Securities reissued a “buy” rating and issued a $14.75 target price on shares of Playa Hotels & Resorts N.V. in a report on Friday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $13.54.
The company has a current ratio of 1.59, a quick ratio of 1.51 and a debt-to-equity ratio of 1.44.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bluefin Trading LLC acquired a new stake in shares of Playa Hotels & Resorts N.V. during the second quarter valued at $168,000. Stevens Capital Management LP acquired a new stake in shares of Playa Hotels & Resorts N.V. during the third quarter valued at $159,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Playa Hotels & Resorts N.V. during the third quarter valued at $206,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Playa Hotels & Resorts N.V. during the second quarter valued at $255,000. Finally, State Street Corp acquired a new stake in shares of Playa Hotels & Resorts N.V. during the second quarter valued at $394,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.
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Playa Hotels & Resorts N.V. Company Profile
Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.
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