Playa Hotels & Resorts (NASDAQ:PLYA) Shares Sold by Dimensional Fund Advisors LP

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

Several other hedge funds also recently added to or reduced their stakes in PLYA. Long Pond Capital LP boosted its holdings in shares of Playa Hotels & Resorts by 16.2% in the 4th quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock valued at $100,459,000 after buying an additional 1,107,983 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Playa Hotels & Resorts by 8.9% during the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock worth $37,705,000 after purchasing an additional 244,584 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Playa Hotels & Resorts by 18.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock worth $30,796,000 after purchasing an additional 387,270 shares in the last quarter. New South Capital Management Inc. purchased a new stake in shares of Playa Hotels & Resorts in the 4th quarter valued at about $11,374,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Playa Hotels & Resorts in the 4th quarter valued at about $5,308,000. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on PLYA shares. Truist Financial reaffirmed a "hold" rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Macquarie downgraded shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Oppenheimer lowered 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, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.10.

Playa Hotels & Resorts Stock Performance

PLYA remained flat at $13.43 during trading on Friday. 1,832,670 shares of the company's stock traded hands, compared to its average volume of 2,002,968. The company 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. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.44. The business has a fifty day moving average of $13.35 and a 200-day moving average of $11.88.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The business had revenue of $218.94 million for 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%. As a group, equities analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Playa Hotels & Resorts Company 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.