Aquatic Capital Management LLC bought a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 32,216 shares of the company's stock, valued at approximately $408,000.
A number of other large investors also recently modified their holdings of PLYA. Long Pond Capital LP raised its holdings in Playa Hotels & Resorts by 16.2% during the fourth quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock worth $100,459,000 after buying an additional 1,107,983 shares during the last quarter. Voss Capital LP increased its position in shares of Playa Hotels & Resorts by 54.5% during the fourth quarter. Voss Capital LP now owns 6,576,824 shares of the company's stock worth $83,197,000 after acquiring an additional 2,320,641 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Playa Hotels & Resorts by 8.9% in the 4th quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock worth $37,705,000 after acquiring an additional 244,584 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Playa Hotels & Resorts by 18.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock worth $30,796,000 after acquiring an additional 387,270 shares during the last quarter. Finally, New South Capital Management Inc. bought a new position in Playa Hotels & Resorts in the 4th quarter valued at about $11,374,000. 74.58% of the stock is currently owned by institutional investors.
Playa Hotels & Resorts Price Performance
Shares of NASDAQ:PLYA opened at $13.43 on Friday. Playa Hotels & Resorts has a 1 year low of $6.95 and a 1 year high of $13.44. The company has a market capitalization of $1.65 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. The business has a fifty day moving average price of $13.35 and a two-hundred day moving average price of $11.84. 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 (NASDAQ:PLYA - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $218.94 million during the quarter, compared to analyst estimates of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. Analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Truist Financial reissued a "hold" rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Macquarie lowered Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the company from $15.00 to $13.50 in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Playa Hotels & Resorts presently has an average rating of "Hold" and an average price target of $12.10.
Get Our Latest Research Report on Playa Hotels & Resorts
Playa Hotels & Resorts Profile
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Free Report)
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.
See Also
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