Playa Hotels & Resorts NV (PLYA) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Playa Hotels & Resorts NV (NASDAQ:PLYA) released its earnings results on Monday. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.10. The business had revenue of $174.07 million for the quarter, compared to the consensus estimate of $196.72 million.

Playa Hotels & Resorts NV (NASDAQ:PLYA) traded up 0.99% during trading on Friday, hitting $10.25. 258,897 shares of the company traded hands. Playa Hotels & Resorts NV has a 52-week low of $9.45 and a 52-week high of $12.00. The company’s 50-day moving average is $10.35 and its 200 day moving average is $10.26. The firm’s market cap is $1.06 billion.

Several analysts have recently commented on PLYA shares. Northland Securities started coverage on shares of Playa Hotels & Resorts NV in a report on Thursday, March 16th. They issued an “outperform” rating and a $14.75 price objective on the stock. Citigroup Inc started coverage on shares of Playa Hotels & Resorts NV in a report on Friday, May 5th. They issued a “neutral” rating and a $11.50 price objective on the stock. Nomura started coverage on shares of Playa Hotels & Resorts NV in a report on Wednesday, March 22nd. They issued a “buy” rating on the stock. Deutsche Bank AG started coverage on shares of Playa Hotels & Resorts NV in a report on Monday, April 24th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Playa Hotels & Resorts NV from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $13.31.

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In other Playa Hotels & Resorts NV news, insider Kevin Froemming bought 10,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were bought at an average cost of $10.40 per share, with a total value of $104,000.00. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $104,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional investors have recently made changes to their positions in the stock. TPG Group Holdings SBS Advisors Inc. acquired a new position in shares of Playa Hotels & Resorts NV during the first quarter worth about $77,070,000. Janus Capital Management LLC acquired a new position in shares of Playa Hotels & Resorts NV during the first quarter worth about $39,219,000. TD Asset Management Inc. acquired a new position in shares of Playa Hotels & Resorts NV during the first quarter worth about $33,342,000. Jennison Associates LLC acquired a new position in shares of Playa Hotels & Resorts NV during the first quarter worth about $31,020,000. Finally, Marlowe Partners LP acquired a new position in shares of Playa Hotels & Resorts NV during the first quarter worth about $25,198,000.

About Playa Hotels & Resorts NV

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.

12 Month Chart for NASDAQ:PLYA

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