Clearline Capital LP Has $3.38 Million Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Clearline Capital LP lowered its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 266,769 shares of the company's stock after selling 62,576 shares during the quarter. Clearline Capital LP owned approximately 0.22% of Playa Hotels & Resorts worth $3,375,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Voss Capital LP boosted its stake in Playa Hotels & Resorts by 54.5% in the 4th quarter. Voss Capital LP now owns 6,576,824 shares of the company's stock worth $83,197,000 after buying an additional 2,320,641 shares during the last quarter. Long Pond Capital LP lifted its holdings in shares of Playa Hotels & Resorts by 16.2% during the 4th quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock worth $100,459,000 after acquiring an additional 1,107,983 shares during the period. New South Capital Management Inc. purchased a new stake in Playa Hotels & Resorts in the fourth quarter valued at approximately $11,374,000. Raymond James Financial Inc. acquired a new position in Playa Hotels & Resorts during the fourth quarter worth approximately $5,308,000. Finally, First Trust Advisors LP purchased a new position in Playa Hotels & Resorts during the fourth quarter worth approximately $5,018,000. 74.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Playa Hotels & Resorts Stock Performance

Shares of PLYA stock traded up $0.01 on Tuesday, hitting $13.44. 272,325 shares of the stock traded hands, compared to its average volume of 1,986,466. The company's fifty day moving average is $13.36 and its 200 day moving average is $12.09. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.45. The company has a market capitalization of $1.65 billion, a PE ratio of 28.00, a PEG ratio of 2.44 and a beta of 0.67. 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 earnings results 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 return on equity of 14.12% and a net margin of 6.84%. The firm had revenue of $267.29 million during the quarter, compared to the consensus estimate of $262.24 million. During the same quarter last year, the company posted $0.40 EPS. Playa Hotels & Resorts's revenue for the quarter was down 11.1% on a year-over-year basis. On average, equities research analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

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.