Mackenzie Financial Corp Has $538,000 Stake in Playa Hotels & Resorts (NASDAQ:PLYA)

Mackenzie Financial Corp raised its stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 294.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,522 shares of the company's stock after purchasing an additional 31,737 shares during the period. Mackenzie Financial Corp's holdings in Playa Hotels & Resorts were worth $538,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nkcfo LLC bought a new stake in Playa Hotels & Resorts in the 4th quarter valued at $696,000. Barclays PLC boosted its holdings in Playa Hotels & Resorts by 383.9% in the 4th quarter. Barclays PLC now owns 102,785 shares of the company's stock valued at $1,300,000 after purchasing an additional 81,545 shares during the period. Seven Six Capital Management LLC bought a new stake in Playa Hotels & Resorts in the 4th quarter valued at $4,825,000. Raymond James Financial Inc. bought a new stake in Playa Hotels & Resorts in the 4th quarter valued at $5,308,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Playa Hotels & Resorts by 18.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock valued at $30,796,000 after purchasing an additional 387,270 shares during the period. 74.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on PLYA shares. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Macquarie reaffirmed a "neutral" rating and set a $13.50 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, May 6th. Finally, 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 report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $12.00.

Playa Hotels & Resorts Price Performance

Shares of NASDAQ:PLYA traded down $0.01 during midday trading on Friday, reaching $13.48. 126,776 shares of the company's stock were exchanged, compared to its average volume of 3,515,566. The company's 50 day simple moving average is $13.41 and its two-hundred day simple moving average is $12.58. The firm has a market capitalization of $1.66 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.48. 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 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 6.84% and a return on equity of 14.12%. 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. 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.