Jane Street Group LLC Decreases Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Jane Street Group LLC lessened its holdings in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 31.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,282 shares of the company's stock after selling 26,421 shares during the quarter. Jane Street Group LLC's holdings in Playa Hotels & Resorts were worth $725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its position 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 valued at $41,000 after acquiring an additional 3,202 shares during the period. Steward Partners Investment Advisory LLC lifted its position 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 valued at $119,000 after acquiring an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at approximately $126,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at approximately $226,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at approximately $263,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

Analysts Set New Price Targets

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

Playa Hotels & Resorts Price Performance

Shares of Playa Hotels & Resorts stock traded down $0.01 during trading on Wednesday, hitting $13.45. 564,927 shares of the company were exchanged, compared to its average volume of 2,009,144. The company has a quick ratio of 2.14, a current ratio of 2.24 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 $13.46. The stock has a market capitalization 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 firm has a 50 day moving average price of $13.39 and a 200 day moving average price of $12.41.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.37 EPS for the quarter, missing the consensus estimate 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 return on equity of 14.12% and a net margin of 6.84%. The firm's revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. On average, equities 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.