307,458 Shares in Playa Hotels & Resorts N.V. (NASDAQ:PLYA) Bought by Syquant Capital Sas

Syquant Capital Sas bought a new position in shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 307,458 shares of the company's stock, valued at approximately $4,098,000. Playa Hotels & Resorts comprises 2.9% of Syquant Capital Sas' portfolio, making the stock its 6th largest holding. Syquant Capital Sas owned about 0.25% of Playa Hotels & Resorts at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PLYA. Bank of New York Mellon Corp raised its holdings in shares of Playa Hotels & Resorts by 313.6% in the fourth quarter. Bank of New York Mellon Corp now owns 81,021 shares of the company's stock worth $1,025,000 after acquiring an additional 61,431 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Playa Hotels & Resorts by 86.3% during the 4th 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 in the last quarter. New South Capital Management Inc. acquired a new position in Playa Hotels & Resorts in the 4th quarter valued at about $11,374,000. Raymond James Financial Inc. acquired a new position in Playa Hotels & Resorts in the 4th quarter valued at about $5,308,000. Finally, American Century Companies Inc. lifted its holdings in Playa Hotels & Resorts by 8.9% in the 4th quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock valued at $37,705,000 after purchasing an additional 244,584 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company's stock.

Wall Street Analysts Forecast Growth

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

Playa Hotels & Resorts Stock Performance

Playa Hotels & Resorts stock opened at $13.48 on Friday. The stock has a fifty day moving average price of $13.45 and a 200 day moving average price of $12.98. Playa Hotels & Resorts N.V. has a 52 week low of $6.95 and a 52 week high of $13.51. 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 current ratio of 2.23, a quick ratio of 2.15 and a debt-to-equity ratio of 2.02.

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