Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in Playa Hotels & Resorts (NASDAQ:PLYA)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 281,898 shares of the company's stock, valued at approximately $3,566,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.23% of Playa Hotels & Resorts as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in Playa Hotels & Resorts by 5,003.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock valued at $41,000 after buying an additional 3,202 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Playa Hotels & Resorts by 86.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock worth $119,000 after acquiring an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth $126,000. KLP Kapitalforvaltning AS bought a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth $226,000. Finally, Freestone Grove Partners LP acquired a new position in Playa Hotels & Resorts during the 4th quarter worth about $263,000. Institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Trading Down 0.1%

Shares of NASDAQ:PLYA traded down $0.01 during trading on Tuesday, hitting $13.45. 1,671,620 shares of the company's stock were exchanged, compared to its average volume of 2,025,450. 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 market cap of $1.65 billion, a P/E ratio of 28.02, a PEG ratio of 2.44 and a beta of 0.67. The firm has a 50-day moving average price of $13.40 and a two-hundred day moving average price of $12.54. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.46.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the business earned $0.40 earnings per share. The business's revenue was down 11.1% on a year-over-year basis. Equities analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Playa Hotels & Resorts Profile

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.