FNY Investment Advisers LLC Purchases Shares of 25,000 Playa Hotels & Resorts (NASDAQ:PLYA)

FNY Investment Advisers LLC acquired a new position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,000 shares of the company's stock, valued at approximately $333,000.

Several other large investors have also modified their holdings of PLYA. Long Pond Capital LP lifted its position in Playa Hotels & Resorts by 16.2% during the 4th quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock worth $100,459,000 after acquiring an additional 1,107,983 shares during the last quarter. Voss Capital LP increased its position 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 worth $83,197,000 after buying an additional 2,320,641 shares during the period. American Century Companies Inc. grew its stake in shares of Playa Hotels & Resorts by 8.9% in the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock worth $37,705,000 after acquiring an additional 244,584 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Playa Hotels & Resorts by 18.9% during the fourth 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 valued at $11,374,000. 74.58% of the stock is owned by institutional investors.

Playa Hotels & Resorts Price Performance

Shares of Playa Hotels & Resorts stock opened at $13.48 on Monday. The firm has a market cap of $1.66 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. The firm's 50-day simple moving average is $13.43 and its 200-day simple moving average is $12.78. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.51. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last released its quarterly earnings data 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 company had revenue of $267.29 million for the quarter, compared to analyst estimates of $262.24 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The firm's revenue for the quarter was down 11.1% compared to the same quarter last year. As a group, research analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Macquarie reaffirmed a "neutral" rating and set a $13.50 price objective on shares of Playa Hotels & Resorts in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.00.

Playa Hotels & Resorts Company 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.

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