Playa Hotels & Resorts N.V. (NASDAQ: PLYA) is 26.05% higher on its value in year-to-date trading and has touched a low of $1.82 and a high of $8.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PLYA stock was last observed hovering at around $7.54 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $9.00 for the next 12 months. It is also 31.82% off the consensus price target high of $11.00 offered by 6 analysts, but current levels are -50.0% lower than the price target low of $5.00 for the same period.
Currently trading at $7.50, the stock is 1.71% and 2.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing -0.53% at the moment leaves the stock 41.63% off its SMA200. PLYA registered 209.92% gain for a year compared to 6-month gain of 78.57%. The firm has a 50-day simple moving average (SMA 50) of $7.46 and a 200-day simple moving average (SMA200) of $5.90.
The stock witnessed a 4.46% loss in the last 1 month and extending the period to 3 months gives it a 42.86%, and is 0.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.23% over the week and 3.42% over the month.
Playa Hotels & Resorts N.V. (PLYA) has around 8000 employees, a market worth around $1.24B and $273.20M in sales. Profit margin for the company is -96.00%. Distance from 52-week low is 312.09% and -10.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.90%).
Playa Hotels & Resorts N.V. (PLYA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Playa Hotels & Resorts N.V. (PLYA) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Playa Hotels & Resorts N.V. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at -$0.34 with sales reaching $67.7M over the same period.The EPS is expected to grow by 30.80% this year, but quarterly earnings will post 28.70% year-over-year. Quarterly sales are estimated to shrink -61.30% in year-over-year returns.
Playa Hotels & Resorts N.V. (PLYA) Top Institutional Holders
122 institutions hold shares in Playa Hotels & Resorts N.V. (PLYA), with 30.75M shares held by insiders accounting for 18.75% while institutional investors hold 75.27% of the company’s shares. The shares outstanding are 134.56M, and float is at 131.82M with Short Float at 5.17%. Institutions hold 61.15% of the Float.
The top institutional shareholder in the company is Farallon Capital Management LLC with over 14.99 million shares valued at $89.22 million. The investor’s holdings represent 8.90% of the PLYA Shares outstanding. As of Dec 30, 2020, the second largest holder is Morgan Stanley with 9.7 million shares valued at $57.72 million to account for 5.76% of the shares outstanding. The other top investors are HG Vora Capital Management, LLC which holds 7.5 million shares representing 4.45% and valued at over $44.63 million, while Redwood Capital Management, LLC holds 3.65% of the shares totaling 6.14 million with a market value of $36.55 million.
Playa Hotels & Resorts N.V. (PLYA) Insider Activity
A total of 23 insider transactions have happened at Playa Hotels & Resorts N.V. (PLYA) in the last six months, with sales accounting for 14 and purchases happening 9 times. The most recent transaction is an insider sale by Buhler Brandon B, the company’s Chief Accounting Officer. SEC filings show that Buhler Brandon B sold 22,320 shares of the company’s common stock on Mar 10 at a price of $7.39 per share for a total of $0.16 million. Following the sale, the insider now owns 92502.0 shares.
Playa Hotels & Resorts N.V. disclosed in a document filed with the SEC on Jan 06 that Froemming Kevin (Chief Marketing Officer) sold a total of 14,622 shares of the company’s common stock. The trade occurred on Jan 06 and was made at $5.58 per share for $81591.0. Following the transaction, the insider now directly holds 0.4 million shares of the PLYA stock.
Still, SEC filings show that on Jan 06, COLDEN TRACY M J (EVP & General Counsel) disposed off 3,349 shares at an average price of $5.58 for $18687.0. The insider now directly holds 132,707 shares of Playa Hotels & Resorts N.V. (PLYA).
Playa Hotels & Resorts N.V. (PLYA): Who are the competitors?
The company’s main competitors (and peers) include Marriott International Inc. (MAR) that is trading 70.96% up over the past 12 months. Short interest in the company’s stock has fallen -6.9% from the last report on Apr 14, 2021 to stand at a total of 6.82 million short shares sold with a short interest ratio of 4.62.