Two Sigma Advisers LP Cuts Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Two Sigma Advisers LP decreased its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 30.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,300 shares of the company's stock after selling 20,200 shares during the period. Two Sigma Advisers LP's holdings in Playa Hotels & Resorts were worth $586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Seven Six Capital Management LLC acquired a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth approximately $4,825,000. LMR Partners LLP acquired a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth approximately $3,136,000. Freestone Grove Partners LP acquired a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth approximately $263,000. Northern Trust Corp grew its holdings in shares of Playa Hotels & Resorts by 11.1% in the 4th quarter. Northern Trust Corp now owns 248,219 shares of the company's stock worth $3,140,000 after acquiring an additional 24,792 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth approximately $408,000. Institutional investors and hedge funds own 74.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Oppenheimer cut Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the company from $15.00 to $13.50 in a report on Tuesday, February 11th. Finally, Macquarie reiterated a "neutral" rating and set a $13.50 target price 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 data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.00.

Playa Hotels & Resorts Price Performance

NASDAQ:PLYA remained flat at $13.48 during trading hours on Friday. The company's stock had a trading volume of 1,345,231 shares, compared to its average volume of 2,033,052. The firm's fifty day simple moving average is $13.41 and its 200-day simple moving average is $12.60. The stock has a market capitalization of $1.66 billion, a PE ratio of 28.08, a P/E/G ratio of 2.44 and a beta of 0.65. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $13.48.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business had revenue of $267.29 million for the quarter, compared to analysts' expectations of $262.24 million. During the same period in the prior year, the company earned $0.40 EPS. The company's revenue for the quarter was down 11.1% compared to the same quarter last year. As a group, research analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

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.