Bank of America Corp DE Trims Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Bank of America Corp DE trimmed its position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 38.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,548 shares of the company's stock after selling 53,125 shares during the period. Bank of America Corp DE owned about 0.07% of Playa Hotels & Resorts worth $1,095,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PLYA. Freestone Grove Partners LP acquired a new stake in shares of Playa Hotels & Resorts in the fourth quarter worth approximately $263,000. Northern Trust Corp lifted its holdings in Playa Hotels & Resorts by 11.1% in the 4th quarter. Northern Trust Corp now owns 248,219 shares of the company's stock valued at $3,140,000 after purchasing an additional 24,792 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in Playa Hotels & Resorts in the 4th quarter valued at $408,000. Knightsbridge Asset Management LLC acquired a new stake in Playa Hotels & Resorts during the 4th quarter worth $789,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Playa Hotels & Resorts by 5,003.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after buying an additional 3,202 shares in the last quarter. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Trading Up 0.1%

Playa Hotels & Resorts stock traded up $0.02 during midday trading on Tuesday, hitting $13.50. 533,897 shares of the stock were exchanged, compared to its average volume of 2,056,938. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The stock's 50-day simple moving average is $13.42 and its 200 day simple moving average is $12.68. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.50. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.44 and a beta of 0.65.

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 analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $267.29 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS. On average, equities analysts anticipate that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PLYA shares. Macquarie reissued a "neutral" rating and issued a $13.50 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, May 6th. Oppenheimer lowered 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 lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, Playa Hotels & Resorts presently has an average rating of "Hold" and an average price target 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.