Peak6 LLC Purchases Shares of 55,877 Playa Hotels & Resorts (NASDAQ:PLYA)

PEAK6 LLC bought a new stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 55,877 shares of the company's stock, valued at approximately $707,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New South Capital Management Inc. bought a new position in shares of Playa Hotels & Resorts during the 4th quarter valued at about $11,374,000. Raymond James Financial Inc. acquired a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth approximately $5,308,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Playa Hotels & Resorts by 18.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock valued at $30,796,000 after acquiring an additional 387,270 shares in the last quarter. Quinn Opportunity Partners LLC acquired a new position in Playa Hotels & Resorts in the fourth quarter worth approximately $3,770,000. Finally, Cinctive Capital Management LP bought a new position in Playa Hotels & Resorts during the fourth quarter valued at approximately $3,256,000. 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 Friday, hitting $13.43. 3,289,669 shares of the company's stock were exchanged, compared to its average volume of 1,948,643. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.44 and a beta of 0.91. The company's 50-day moving average price is $13.34 and its 200-day moving average price is $11.66. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.44.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The company had revenue of $218.94 million during the quarter, compared to analysts' expectations of $212.26 million. On average, sell-side analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Playa Hotels & Resorts 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.