Finance

Analyzing the Insider Data for Playa Hotels & Resorts N.V. (PLYA)

Recent insider trends for Playa Hotels & Resorts N.V. (NASDAQ:PLYA) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of PLYA, the data has a lot to say about how the stock might perform going forward.

Institutions own 88.92% of Playa Hotels & Resorts N.V. (PLYA)’s shares. The total value of these holdings, in millions, is $1,011. Among active positions in the latest quarter, 57 holders increased their positions by a total of 27.45 million shares, 45 holders decreased the positions by a total of 11.35 million shares, and 1 holders held their positions. This works out to a net increase in ownership of 16.1 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 24 holders initiated new positions by a total of 16.45 million shares and 17 holders exited their positions by a total of 3.4 million shares. This nets out to an increase of 13.04 million shares and is a bullish sign for PLYA.

Insider ownership increased by a total of 0 shares, which suggests that PLYA’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Playa Hotels & Resorts N.V. (NASDAQ:PLYA)’s short interest is 366100 shares, or 0.69% of the float. This represents an increase of 1% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for PLYA. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that PLYA is a Weak buy, which implies that PLYA is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Playa Hotels & Resorts N.V. (NASDAQ:PLYA) is undervalued.

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