Dimensional Fund Advisors LP Decreases Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Dimensional Fund Advisors LP trimmed its position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,421,789 shares of the company's stock after selling 166,855 shares during the quarter. Dimensional Fund Advisors LP owned 6.11% of Playa Hotels & Resorts worth $93,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its position in shares of Playa Hotels & Resorts by 86.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock valued at $119,000 after acquiring an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC bought a new stake in shares of Playa Hotels & Resorts in the fourth quarter worth about $126,000. Barclays PLC increased its holdings in Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company's stock valued at $165,000 after purchasing an additional 19,298 shares during the period. KLP Kapitalforvaltning AS bought a new position in Playa Hotels & Resorts during the 4th quarter valued at approximately $226,000. Finally, EMC Capital Management lifted its holdings in Playa Hotels & Resorts by 193.5% in the 4th quarter. EMC Capital Management now owns 24,632 shares of the company's stock worth $312,000 after buying an additional 16,240 shares during the period. 74.58% of the stock is currently owned by institutional investors.

Playa Hotels & Resorts Price Performance

Shares of NASDAQ:PLYA remained flat at $13.43 during midday trading on Friday. 1,832,670 shares of the stock were exchanged, compared to its average volume of 1,991,597. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The business has a 50-day moving average of $13.35 and a 200 day moving average of $11.81. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 2.44 and a beta of 0.91. Playa Hotels & Resorts has a 12-month low of $6.95 and a 12-month high of $13.44.

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 for the quarter, beating 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 business had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. On average, research analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

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