SG Americas Securities LLC Takes $742,000 Position in Playa Hotels & Resorts N.V. (NASDAQ:PLYA)

SG Americas Securities LLC acquired a new stake in shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 55,691 shares of the company's stock, valued at approximately $742,000.

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of Playa Hotels & Resorts by 5,003.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after purchasing an additional 3,202 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of 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 worth $119,000 after purchasing an additional 4,342 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Playa Hotels & Resorts in the fourth quarter worth $226,000. Freestone Grove Partners LP purchased a new position in shares of Playa Hotels & Resorts in the fourth quarter worth $263,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Playa Hotels & Resorts in the fourth quarter worth $408,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Stock Performance

PLYA opened at $13.48 on Friday. The stock's fifty day moving average is $13.45 and its two-hundred day moving average is $12.86. The company has a market capitalization of $1.66 billion, a P/E ratio of 27.51, a PEG ratio of 1.96 and a beta of 0.65. Playa Hotels & Resorts N.V. has a 52 week low of $6.95 and a 52 week high of $13.51. The company has a quick ratio of 2.15, a current ratio of 2.23 and a debt-to-equity ratio of 2.02.

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

Analyst Ratings Changes

Separately, Macquarie reaffirmed a "neutral" rating and issued a $13.50 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $12.00.

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.

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