UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.67 Million Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 20.5% 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 289,709 shares of the company's stock after purchasing an additional 49,262 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of Playa Hotels & Resorts worth $3,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Long Pond Capital LP boosted its stake in shares of 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 buying an additional 1,107,983 shares during the last quarter. Voss Capital LP raised its holdings in Playa Hotels & Resorts by 54.5% during the fourth quarter. Voss Capital LP now owns 6,576,824 shares of the company's stock worth $83,197,000 after acquiring an additional 2,320,641 shares in the last quarter. American Century Companies Inc. raised its holdings in Playa Hotels & Resorts by 8.9% during 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted 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 valued at $30,796,000 after purchasing an additional 387,270 shares during the last quarter. Finally, New South Capital Management Inc. bought a new position in Playa Hotels & Resorts in the fourth quarter valued at approximately $11,374,000. Institutional investors own 74.58% of the company's stock.

Wall Street Analyst Weigh In

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

Playa Hotels & Resorts Stock Performance

Shares of PLYA stock remained flat at $13.48 during midday trading on Friday. 1,345,231 shares of the company traded hands, compared to its average volume of 2,026,770. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.50. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 2.44 and a beta of 0.65. The firm has a 50 day moving average price of $13.41 and a 200 day moving average price of $12.58. 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 (NASDAQ:PLYA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 14.12% and a net margin of 6.84%. The company had revenue of $267.29 million for the quarter, compared to analyst estimates of $262.24 million. During the same quarter last year, the business earned $0.40 earnings per share. The company's revenue was down 11.1% on a year-over-year basis. Analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current 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.