Woodline Partners LP Makes New $5.51 Million Investment in Playa Hotels & Resorts (NASDAQ:PLYA)

Woodline Partners LP acquired a new stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLYA. Tower Research Capital LLC TRC lifted its holdings in shares of Playa Hotels & Resorts by 5,003.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock valued at $41,000 after buying an additional 3,202 shares during the period. Steward Partners Investment Advisory LLC raised its position 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 worth $119,000 after acquiring an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in Playa Hotels & Resorts in the fourth quarter valued at $126,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth $226,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Playa Hotels & Resorts during the 4th quarter worth $263,000. Institutional investors and hedge funds own 74.58% of the company's stock.

Playa Hotels & Resorts Price Performance

Shares of NASDAQ:PLYA traded down $0.01 during midday trading on Wednesday, hitting $13.45. 564,924 shares of the stock were exchanged, compared to its average volume of 2,005,357. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.46. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The company has a 50 day moving average price of $13.39 and a 200-day moving average price of $12.41. The stock has a market cap of $1.65 billion, a P/E ratio of 28.02, a PEG ratio of 2.44 and a beta of 0.67.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Macquarie reiterated a "neutral" rating and issued a $13.50 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, May 6th. Oppenheimer cut shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company 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.