Woodline Partners LP Buys Shares of 435,309 Playa Hotels & Resorts (NASDAQ:PLYA)

Woodline Partners LP bought a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 435,309 shares of the company's stock, valued at approximately $5,507,000. Woodline Partners LP owned approximately 0.36% of Playa Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. EMC Capital Management boosted its position in shares of Playa Hotels & Resorts by 193.5% in the 4th quarter. EMC Capital Management now owns 24,632 shares of the company's stock worth $312,000 after buying an additional 16,240 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new position in Playa Hotels & Resorts during the fourth quarter worth about $126,000. Nkcfo LLC purchased a new stake in shares of Playa Hotels & Resorts in the fourth quarter valued at about $696,000. Bank of New York Mellon Corp grew its position 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 valued at $1,025,000 after purchasing an additional 61,431 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of 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. Institutional investors and hedge funds own 74.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PLYA shares. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the stock from $15.00 to $13.50 in a research report on Tuesday, February 11th. Finally, Macquarie reaffirmed a "neutral" rating and set a $13.50 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Playa Hotels & Resorts presently has a consensus rating of "Hold" and an average target price of $12.00.

Playa Hotels & Resorts Trading Up 0.1%

Shares of NASDAQ:PLYA traded up $0.01 during trading on Tuesday, reaching $13.46. 1,347,772 shares of the stock were exchanged, compared to its average volume of 2,011,118. Playa Hotels & Resorts has a 12-month low of $6.95 and a 12-month high of $13.46. The firm's 50-day moving average price is $13.39 and its 200 day moving average price is $12.40. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. 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 (NASDAQ:PLYA - Get Free Report) last released 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 company had revenue of $267.29 million for the quarter, compared to analyst estimates of $262.24 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business's revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. On average, sell-side analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal 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.