Views of Wall Street’s Leading Experts on Playa Hotels & Resorts N.V.

Playa Hotels & Resorts N.V. (NASDAQ: PLYA) stock fell -0.67% on Wednesday to $8.89 against a previous-day closing price of $8.95. With 0.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.47 million shares. During the session, the Resorts & Casinos company that operates in wider Consumer Cyclical sector, reached to the highest price of $8.93 whereas the lowest price it dropped to was $8.81. The 52-week range on PLYA shows that it touched its highest point at $9.77 and its lowest point at $5.34 during that stretch. It currently has a 1-year price target of $13.33. Beta for the stock currently stands at 1.53.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLYA was down-trending over the past week, with a drop of -1.88%, but this was down by -4.10% over a month. Three-month performance surged to 10.99% while six-month performance rose 50.42%. The stock gained 10.43% in the past year, while it has gained 36.14% so far this year. A look at the trailing 12-month EPS for PLYA yields 0.35 with Next year EPS estimates of 0.60. For the next quarter, that number is 0.13. This implies an EPS growth rate of 162.20% for this year and 18.15% for next year.

Float and Shares Shorts:

At present, 157.31 million PLYA shares are outstanding with a float of 127.88 million shares on hand for trading. On Apr 27, 2023, short shares totaled 5.38 million, which was 3.54% higher than short shares on Mar 30, 2023. In addition to Mr. Bruce D. Wardinski as the firm’s Pres, Chairman & CEO, Mr. Ryan Hymel serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 81.29% of PLYA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.07% of PLYA, in contrast to 34.87% held by mutual funds. Shares owned by individuals account for 15.87%. As the largest shareholder in PLYA with 9.59% of the stake, Davidson Kempner Capital Manageme holds 15,142,519 shares worth 15,142,519. A second-largest stockholder of PLYA, HG Vora Capital Management LLC, holds 10,000,000 shares, controlling over 6.34% of the firm’s shares. Morgan Stanley & Co. LLC is the third largest shareholder in PLYA, holding 9,772,110 shares or 6.19% stake. With a 4.14% stake in PLYA, the Invesco Funds – Global Consumer T is the largest stakeholder. A total of 6,525,900 shares are owned by the mutual fund manager. The Hood River Small-Cap Growth Fund, which owns about 1.14% of PLYA stock, is the second-largest Mutual Fund holder. It holds 1,791,025 shares valued at 16.67 million. Avantis US Small Cap Value ETF holds 0.80% of the stake in PLYA, owning 1,257,129 shares worth 11.7 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, PLYA reported revenue of $221.27M and operating income of $38.96M. The EBITDA in the recently reported quarter was $64.34M and diluted EPS was $0.18.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLYA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PLYA analysts setting a high price target of $16.00 and a low target of $10.00, the average target price over the next 12 months is $13.33. Based on these targets, PLYA could surge 79.98% to reach the target high and rise by 12.49% to reach the target low. Reaching the average price target will result in a growth of 49.94% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded PLYA stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 187,000 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 1,036,967 while 2,140,087 shares were sold.

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