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

SG Americas Securities LLC purchased a new stake in Playa Hotels & Resorts N.V. (NASDAQ:PLYA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,691 shares of the company's stock, valued at approximately $742,000.

A number of other hedge funds have also bought and sold shares of PLYA. Tower Research Capital LLC TRC increased its stake in Playa Hotels & Resorts by 5,003.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after acquiring an additional 3,202 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Playa Hotels & Resorts by 86.3% during 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 period. KLP Kapitalforvaltning AS acquired a new stake in Playa Hotels & Resorts during the fourth quarter worth about $226,000. Freestone Grove Partners LP acquired a new stake in Playa Hotels & Resorts during the fourth quarter worth about $263,000. Finally, Aquatic Capital Management LLC bought a new position in Playa Hotels & Resorts in the 4th quarter valued at about $408,000. 74.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Macquarie reaffirmed a "neutral" rating and set a $13.50 price target on shares of Playa Hotels & Resorts in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.00.

Playa Hotels & Resorts Price Performance

PLYA stock remained flat at $13.48 during trading on Tuesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 27.51 and a beta of 0.65. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.23 and a quick ratio of 2.15. The company's 50 day simple moving average is $13.45 and its 200 day simple moving average is $12.92. Playa Hotels & Resorts N.V. has a 12 month low of $6.95 and a 12 month high of $13.51.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $262.24 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The firm's revenue was down 11.1% on a year-over-year basis. On average, equities analysts anticipate that Playa Hotels & Resorts N.V. will post 0.56 EPS for the current year.

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.