Playa Hotels & Resorts (NASDAQ:PLYA) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. decreased its position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 33.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 371,399 shares of the company's stock after selling 188,110 shares during the period. D. E. Shaw & Co. Inc. owned 0.31% of Playa Hotels & Resorts worth $4,698,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PLYA. Voss Capital LP boosted its holdings in shares of Playa Hotels & Resorts by 54.5% in the fourth quarter. Voss Capital LP now owns 6,576,824 shares of the company's stock valued at $83,197,000 after purchasing an additional 2,320,641 shares during the period. Long Pond Capital LP boosted its holdings 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. New South Capital Management Inc. bought a new position in Playa Hotels & Resorts in the fourth quarter worth approximately $11,374,000. Raymond James Financial Inc. bought a new position in Playa Hotels & Resorts in the fourth quarter worth approximately $5,308,000. Finally, First Trust Advisors LP bought a new position in Playa Hotels & Resorts in the fourth quarter worth approximately $5,018,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Finally, Macquarie reissued a "neutral" rating and issued a $13.50 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.00.

Playa Hotels & Resorts Stock Up 0.1%

Shares of PLYA stock traded up $0.01 during trading hours on Friday, reaching $13.45. 364,303 shares of the company's stock were exchanged, compared to its average volume of 2,004,608. The stock's 50 day moving average is $13.39 and its 200-day moving average is $12.34. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 2.44 and a beta of 0.67. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.45.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $267.29 million for the quarter, compared to analyst estimates of $262.24 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business's revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

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.