Public Employees Retirement System of Ohio Invests $3.36 Million in Playa Hotels & Resorts (NASDAQ:PLYA)

Public Employees Retirement System of Ohio bought a new position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 265,900 shares of the company's stock, valued at approximately $3,364,000. Public Employees Retirement System of Ohio owned about 0.22% of Playa Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Long Pond Capital LP raised its position in shares of Playa Hotels & Resorts by 16.2% in the fourth quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock valued at $100,459,000 after purchasing an additional 1,107,983 shares during the period. Voss Capital LP grew 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 valued at $83,197,000 after buying an additional 2,320,641 shares during the last quarter. American Century Companies Inc. grew its stake in 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 valued at $37,705,000 after buying an additional 244,584 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in 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 period. Finally, New South Capital Management Inc. acquired a new position in Playa Hotels & Resorts during the 4th quarter worth $11,374,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Stock Performance

Shares of PLYA remained flat at $13.46 during trading hours on Monday. 570,020 shares of the stock were exchanged, compared to its average volume of 2,023,075. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The firm has a fifty day moving average of $13.40 and a two-hundred day moving average of $12.51. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.48. The firm has a market cap of $1.66 billion, a PE ratio of 28.04, a P/E/G ratio of 2.44 and a beta of 0.67.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its quarterly 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 net margin of 6.84% and a return on equity of 14.12%. The firm had revenue of $267.29 million during the quarter, compared to analyst estimates of $262.24 million. During the same period last year, the company earned $0.40 EPS. The company's revenue was down 11.1% on a year-over-year basis. On average, equities research analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PLYA shares. Oppenheimer downgraded Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Macquarie restated 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 dropped their price target for the stock from $15.00 to $13.50 in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Playa Hotels & Resorts presently has a consensus rating of "Hold" and a consensus price target of $12.00.

About Playa Hotels & Resorts

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm operates through the following geographical segments: 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.