Northern Trust Corp Buys 24,792 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Northern Trust Corp increased its holdings in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,219 shares of the company's stock after buying an additional 24,792 shares during the period. Northern Trust Corp owned 0.20% of Playa Hotels & Resorts worth $3,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in PLYA. Tower Research Capital LLC TRC boosted its holdings in shares of Playa Hotels & Resorts by 5,003.1% in the 4th 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 in the last quarter. Steward Partners Investment Advisory LLC boosted its stake 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 in the last quarter. Avidian Wealth Enterprises LLC bought a new position in Playa Hotels & Resorts in the fourth quarter valued at about $126,000. KLP Kapitalforvaltning AS acquired a new position in Playa Hotels & Resorts during the fourth quarter worth about $226,000. Finally, EMC Capital Management raised its stake in Playa Hotels & Resorts by 193.5% during the fourth quarter. EMC Capital Management now owns 24,632 shares of the company's stock worth $312,000 after acquiring an additional 16,240 shares in the last quarter. 74.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PLYA has been the topic of a number of research analyst reports. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Macquarie restated a "neutral" rating and issued a $13.50 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $12.00.

Playa Hotels & Resorts Trading Up 0.1%

PLYA traded up $0.01 during trading on Thursday, reaching $13.46. 729,163 shares of the company's stock were exchanged, compared to its average volume of 2,013,817. 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 one year low of $6.95 and a one year high of $13.46. The firm has a fifty day moving average price of $13.40 and a two-hundred day moving average price of $12.44. The stock has a market capitalization of $1.66 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $262.24 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The business's revenue for the quarter was down 11.1% on a year-over-year basis. As a group, equities research analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

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.