Quinn Opportunity Partners LLC Invests $3.77 Million in Playa Hotels & Resorts (NASDAQ:PLYA)

Quinn Opportunity Partners LLC acquired a new stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 298,024 shares of the company's stock, valued at approximately $3,770,000. Quinn Opportunity Partners LLC owned about 0.25% of Playa Hotels & Resorts as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PLYA. Raymond James Financial Inc. bought a new stake in Playa Hotels & Resorts during the 4th quarter worth about $5,308,000. Russell Investments Group Ltd. raised its holdings in Playa Hotels & Resorts by 15.3% during the fourth quarter. Russell Investments Group Ltd. now owns 88,652 shares of the company's stock worth $1,121,000 after acquiring an additional 11,742 shares in the last quarter. Cinctive Capital Management LP acquired a new position in Playa Hotels & Resorts during the fourth quarter valued at approximately $3,256,000. Arrowstreet Capital Limited Partnership grew its stake in Playa Hotels & Resorts by 18.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock valued at $30,796,000 after purchasing an additional 387,270 shares in the last quarter. Finally, Rock Creek Group LP increased its position in shares of Playa Hotels & Resorts by 59.0% during the 4th quarter. Rock Creek Group LP now owns 198,691 shares of the company's stock worth $2,513,000 after purchasing an additional 73,691 shares during the last quarter. Institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Stock Performance

Shares of NASDAQ PLYA traded down $0.01 during trading hours on Wednesday, reaching $13.41. 458,636 shares of the stock were exchanged, compared to its average volume of 4,337,165. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 2.44 and a beta of 0.91. The stock's fifty day simple moving average is $13.32 and its 200 day simple moving average is $11.38. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.43.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. The firm had revenue of $218.94 million for the quarter, compared to analyst estimates of $212.26 million. Sell-side analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PLYA. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their target price for the company from $15.00 to $13.50 in a report on Tuesday, February 11th. Macquarie cut Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Truist Financial restated a "hold" rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $12.10.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm's geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.