Syquant Capital Sas Makes New Investment in Playa Hotels & Resorts N.V. (NASDAQ:PLYA)

Syquant Capital Sas acquired a new stake in shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 307,458 shares of the company's stock, valued at approximately $4,098,000. Playa Hotels & Resorts makes up approximately 2.9% of Syquant Capital Sas' portfolio, making the stock its 6th largest position. Syquant Capital Sas owned 0.25% of Playa Hotels & Resorts as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PLYA. Tower Research Capital LLC TRC grew its holdings in shares of 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 valued at $41,000 after purchasing an additional 3,202 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in 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 valued at $119,000 after acquiring an additional 4,342 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at about $226,000. Freestone Grove Partners LP bought a new stake in shares of Playa Hotels & Resorts during the fourth quarter valued at approximately $263,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Playa Hotels & Resorts during the 1st quarter valued at $333,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Price Performance

Shares of PLYA remained flat at $13.48 during trading hours on Tuesday. The stock 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. Playa Hotels & Resorts N.V. has a 1 year low of $6.95 and a 1 year high of $13.51. The business has a 50-day moving average price of $13.45 and a 200 day moving average price of $12.92.

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 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 for the quarter, compared to analysts' expectations of $262.24 million. During the same quarter in the previous year, the company earned $0.40 EPS. The company's quarterly revenue was down 11.1% compared to the same quarter last year. On average, research analysts forecast that Playa Hotels & Resorts N.V. will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

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