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

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

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in Playa Hotels & Resorts by 5,003.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock valued at $41,000 after purchasing an additional 3,202 shares during the period. Steward Partners Investment Advisory LLC lifted its position in 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 buying an additional 4,342 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new position in Playa Hotels & Resorts during the fourth quarter worth about $126,000. Russell Investments Group Ltd. increased its position in shares of Playa Hotels & Resorts by 15.3% during the fourth quarter. Russell Investments Group Ltd. now owns 88,652 shares of the company's stock valued at $1,121,000 after acquiring an additional 11,742 shares during the last quarter. Finally, EMC Capital Management increased its position in shares of Playa Hotels & Resorts by 193.5% during the fourth quarter. EMC Capital Management now owns 24,632 shares of the company's stock valued at $312,000 after acquiring an additional 16,240 shares during the last quarter. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Macquarie restated a "neutral" rating and set a $13.50 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, May 6th. Finally, Oppenheimer cut 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, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $12.00.

Playa Hotels & Resorts Price Performance

Playa Hotels & Resorts stock remained flat at $13.44 during mid-day trading on Wednesday. 632,501 shares of the company's stock were exchanged, compared to its average volume of 2,000,070. 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 12 month low of $6.95 and a 12 month high of $13.45. The firm has a market capitalization of $1.65 billion, a P/E ratio of 28.00, a P/E/G ratio of 2.44 and a beta of 0.67. The stock's fifty day simple moving average is $13.38 and its two-hundred day simple moving average is $12.26.

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

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.