BNP Paribas Financial Markets Sells 73,907 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

BNP Paribas Financial Markets lowered its position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 6.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,050,589 shares of the company's stock after selling 73,907 shares during the period. BNP Paribas Financial Markets owned 0.86% of Playa Hotels & Resorts worth $13,290,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PLYA. Barclays PLC raised its position in shares of Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company's stock worth $165,000 after acquiring an additional 19,298 shares in the last quarter. EMC Capital Management increased its position in Playa Hotels & Resorts by 193.5% during the 4th quarter. EMC Capital Management now owns 24,632 shares of the company's stock valued at $312,000 after buying an additional 16,240 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new position in Playa Hotels & Resorts during the 4th quarter valued at approximately $126,000. Nkcfo LLC bought a new position in Playa Hotels & Resorts during the 4th quarter valued at approximately $696,000. Finally, Bank of New York Mellon Corp increased its position in Playa Hotels & Resorts by 313.6% during the 4th quarter. Bank of New York Mellon Corp now owns 81,021 shares of the company's stock valued at $1,025,000 after buying an additional 61,431 shares in the last quarter. Institutional investors own 74.58% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PLYA shares. Oppenheimer lowered Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Macquarie reiterated a "neutral" rating and set a $13.50 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $12.00.

Playa Hotels & Resorts Stock Performance

PLYA stock traded up $0.01 during midday trading on Wednesday, reaching $13.44. 603,440 shares of the company's stock traded hands, compared to its average volume of 1,992,507. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $13.45. The stock has a market cap of $1.65 billion, a P/E ratio of 28.00, a PEG ratio of 2.44 and a beta of 0.67. The stock's 50-day moving average is $13.36 and its 200 day moving average is $12.10.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. The business had revenue of $267.29 million during the quarter, compared to analysts' expectations of $262.24 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Playa Hotels & Resorts's revenue was down 11.1% on a year-over-year basis. As a group, analysts anticipate that Playa Hotels & Resorts will post 0.56 EPS for the current year.

About Playa Hotels & Resorts

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.