FNY Investment Advisers LLC Acquires Shares of 25,000 Playa Hotels & Resorts N.V. (NASDAQ:PLYA)

FNY Investment Advisers LLC acquired a new position in shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,000 shares of the company's stock, valued at approximately $333,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Playa Hotels & Resorts by 5,003.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after acquiring an additional 3,202 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Playa Hotels & Resorts by 86.3% during 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 during the period. KLP Kapitalforvaltning AS bought a new position in shares of Playa Hotels & Resorts during the 4th quarter worth about $226,000. Freestone Grove Partners LP bought a new position in shares of Playa Hotels & Resorts during the 4th quarter worth about $263,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Playa Hotels & Resorts during the 4th quarter worth about $408,000. 74.58% of the stock is owned by institutional investors.

Playa Hotels & Resorts Price Performance

PLYA stock remained flat at $13.48 during trading on Thursday. Playa Hotels & Resorts N.V. has a 1 year low of $6.95 and a 1 year high of $13.51. The company has a market capitalization of $1.66 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 1.96 and a beta of 0.65. The company has a 50 day moving average of $13.44 and a 200-day moving average of $12.81. The company has a current ratio of 2.23, a quick ratio of 2.15 and a debt-to-equity ratio of 2.02.

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 (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Playa Hotels & Resorts had a net margin of 6.92% and a return on equity of 14.09%. The firm had revenue of $267.29 million for the quarter, compared to the consensus estimate of $262.24 million. During the same period in the prior year, the business earned $0.40 earnings per share. The company's revenue for the quarter was down 11.1% on a year-over-year basis. On average, equities research analysts expect that Playa Hotels & Resorts N.V. will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Macquarie reissued a "neutral" rating and set a $13.50 price target on shares of Playa Hotels & Resorts in a report on Tuesday, May 6th. Five analysts have rated the stock with a hold rating, According to MarketBeat, Playa Hotels & Resorts presently has an average rating of "Hold" and a consensus target price 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.