Oppenheimer & Co. Inc. Decreases Position in Playa Hotels & Resorts N.V. (NASDAQ:PLYA)

Oppenheimer & Co. Inc. lessened its stake in shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA - Free Report) by 59.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,833 shares of the company's stock after selling 23,235 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Playa Hotels & Resorts were worth $211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in 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 acquiring an additional 3,202 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Playa Hotels & Resorts by 86.3% in 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 in the last quarter. Russell Investments Group Ltd. lifted its position in Playa Hotels & Resorts by 15.3% in the 4th quarter. Russell Investments Group Ltd. now owns 88,652 shares of the company's stock valued at $1,121,000 after acquiring an additional 11,742 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its position in Playa Hotels & Resorts by 50.0% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 41,367 shares of the company's stock valued at $551,000 after acquiring an additional 13,788 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Playa Hotels & Resorts in the 4th quarter valued at about $226,000. Institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Stock Performance

NASDAQ:PLYA remained flat at $13.48 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.15 and a debt-to-equity ratio of 2.02. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 27.51 and a beta of 0.62. Playa Hotels & Resorts N.V. has a 12-month low of $6.95 and a 12-month high of $13.51. The business's fifty day moving average price is $13.46 and its 200-day moving average price is $13.12.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). Playa Hotels & Resorts had a net margin of 6.92% and a return on equity of 14.09%. The firm had revenue of $267.29 million during the quarter, compared to analysts' expectations of $262.24 million. During the same quarter last year, the business posted $0.40 EPS. The company's quarterly revenue was down 11.1% on a year-over-year basis. Research analysts forecast that Playa Hotels & Resorts N.V. will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Macquarie reaffirmed a "neutral" rating and issued a $13.50 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Playa Hotels & Resorts currently has an average rating of "Hold" and an average target price 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.