HG Vora Capital Management LLC recently announced the acquisition of new stake in Playa Hotels & Resorts N.V. (NASDAQ:PLYA). The institutional investor has increased its shareholding in the Consumer Cyclical company by 53.85% to 10.0 million shares with purchase of 3.5 million shares. This fresh investment now brings its stake to 6.34% valued currently at $93.1 million. In addition, Dimensional Fund Advisors LP raised its holdings by 1.79 million to 6.12 million shares. And Hood River Capital Management LLC has lifted its position by 149.36% or 2.5 million shares – to 4.17 million shares.
With over 3.7 million Playa Hotels & Resorts N.V. (PLYA) shares trading Tuesday and a closing price of $8.95 on the day, the dollar volume was approximately $33.16 million. The shares have shown a positive half year performance of 49.42% and its price on 05/23/23 gained nearly 1.24%. Currently, there are 157.31M common shares owned by the public and among those 127.88M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for PLYA have a consensus price objective of $13.33. The analysts have set the share’s price value over the next 12 months at a high of $16.00 and a low of $10.00. The average price target is 32.86% above its recent price level and an upside to the estimated low will see the stock gain 10.5% over that period. But an upside of 44.06% will see the stock hit the forecast high price target while median target price for the stock is $13.50.
Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 1,036,967 shares. Insider sales of the common stock occurred on 21 occasions, with total insider shares sold totaling 2,140,087 shares.
The top 3 mutual fund holders in Playa Hotels & Resorts N.V. are Invesco Funds – Global Consumer T, Vanguard Extended Market Index Fu, and Hood River Small-Cap Growth Fund. Invesco Funds – Global Consumer T owns 6.53 million shares of the company’s stock, all valued at over $60.76 million. The company sold 54000.0 shares recently to bring their total holdings to about 4.14% of the shares outstanding. Vanguard Extended Market Index Fu bought 51465.0 shares to see its total holdings expand to 1.79 million shares valued at over $16.7 million and representing 1.14% of the shares outstanding. Hood River Small-Cap Growth Fund bought 1.06 million shares to bring its total holdings to over 1.79 million shares at a value of $16.67 million. Hood River Small-Cap Growth Fund now owns shares totaling to 1.14% of the shares outstanding.
Shares of Playa Hotels & Resorts N.V. (NASDAQ: PLYA) opened at $8.82, down -$0.02 from a prior closing price of $8.84. However, the script later moved the day high at 9.02, up 1.24%. The company’s stock has a 5-day price change of 0.11% and 12.30% over the past three months. PLYA shares are trading 37.06% year to date (YTD), with the 12-month market performance up to 12.58% higher. It has a 12-month low price of $5.34 and touched a high of $9.77 over the same period. PLYA has an average intraday trading volume of 1.45 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.00%, -1.81%, and 23.07% respectively.
Institutional ownership of Playa Hotels & Resorts N.V. (NASDAQ: PLYA) shares accounts for 83.10% of the company’s 157.31M shares outstanding. Mutual fund holders own 34.87%, while other institutional holders and individual stakeholders account for 66.14% and 17.07% respectively.
It has a market capitalization of $1.38B and a beta (3y monthly) value of 1.53. The stock’s trailing 12-month PE ratio is 25.64, while the earnings-per-share (ttm) stands at $0.35. The company has a debt-to-equity ratio at 1.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.02% over the week and 3.33% over the month.
Analysts forecast that Playa Hotels & Resorts N.V. (PLYA) will achieve an EPS of $0.13 for the current quarter, $0.01 for the next quarter and $0.6 for 2024. The lowest estimate earnings-per-share for the quarter is $0.12 while analysts give the company a high EPS estimate of $0.13. Comparatively, EPS for the current quarter was $0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 162.20%, and 18.15% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Playa Hotels & Resorts N.V. (PLYA) as a “Strong Buy” at a consensus score of 1.50. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 0 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
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