PLYA (Playa Hotels & Resorts N.V.) may reap gains as insiders became active recently

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Playa Hotels & Resorts N.V.’s filing revealed that its Director Peterson Karl Mr. unloaded Company’s shares for reported $0.14 million on Aug 22. In the deal valued at $7.00 per share,20,000 shares were sold. As a result of this transaction, Peterson Karl Mr. now holds 2,794,033 shares worth roughly $ 16.46 million.


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Then, Peterson Karl Mr. sold 60,000 shares, generating $433,200 in total proceeds. Upon selling the shares at $7.22, the Director now owns 2,814,033 shares.

Before that, Peterson Karl Mr. sold 20,000 shares. Playa Hotels & Resorts N.V. shares valued at $140,000 were divested by the Director at a price of $7.00 per share. As a result of the transaction, Peterson Karl Mr. now holds 2,874,033 shares, worth roughly $16.93 million.

Truist upgraded its Playa Hotels & Resorts N.V. [PLYA] rating to a Buy from a a Hold in a research note published on Monday, May 09, 2022; the price target was increased to $11 from $8. PT values the company’s stock at a premium of 46.45 to its Monday closing price. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. BofA Securities began covering PLYA with “Buy” recommendation on April 13, 2021. Citigroup revised its rating on December 15, 2020. It rated PLYA as “a Neutral” which previously was an “a Sell”.

Price Performance Review of PLYA

On Monday, Playa Hotels & Resorts N.V. [NASDAQ:PLYA] saw its stock fall -1.01% to $5.89. On the same session, the stock had its day’s lowest price of $5.785, but rose to a high of $6.0414. Over the last five days, the stock has lost -4.54%. Playa Hotels & Resorts N.V. shares have fallen nearly -26.19% since the year began. Nevertheless, the stocks have fallen -33.82% over the past one year. While a 52-week high of $9.81 was reached on 03/01/22, a 52-week low of $5.34 was recorded on 10/11/22. SMA at 50 days reached $6.01, while 200 days put it at $7.47. A total of 1.5 million shares were traded, compared to the trading of 0.95 million shares in the previous session.

Levels Of Support And Resistance For PLYA Stock

The 24-hour chart illustrates a support level at 5.77, which if violated will result in even more drops to 5.65. On the upside, there is a resistance level at 6.03. A further resistance level may holdings at 6.16. The Relative Strength Index (RSI) on the 14-day chart is 48.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.31%. Stochastics %K at 38.39% indicates the stock is a holding.

How much short interest is there in Playa Hotels & Resorts N.V.?

A steep rise in short interest was recorded in Playa Hotels & Resorts N.V. stocks on Jul 14, 2022, dropping by -0.41 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.98 million shares. There was a decline of -11.48%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.31% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.08.

Playa Hotels & Resorts N.V. [PLYA] – Who Are The Largest Shareholders?

In filings from Davidson Kempner Capital Manageme, it is revealed that the company now owns 15,142,519 shares, or roughly 9.12% of the outstanding PLYA shares. Over the last quarter, Invesco Asset Management Ltd. sold -1,196,100 shares of Playa Hotels & Resorts N.V., while Wellington Management Co. LLP sold -1,701,440 shares. At present, HG Vora Capital Management LLC is holding 6,500,000 shares valued at $37.83 million. Driehaus Capital Management LLC owned 5,937,960 shares of the company at the time of its most recent 13F filing, worth $34.56 million.

According to FactSet, Playa Hotels & Resorts N.V.’s share price will average $11.71 in the next year, based on opinions of analysts polled by the firm. This is up nearly 101.68 percent from its previous closing price of $5.95. Analysts expect Playa Hotels & Resorts N.V. stock to reach the higher price of $15.00, while the lowest price estimate is $7.25. However, 6 analysts have rated PLYA stock as a Buy in their predictions for 2022.

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