First Trust Advisors LP Makes New Investment in Playa Hotels & Resorts (NASDAQ:PLYA)

First Trust Advisors LP acquired a new stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 396,704 shares of the company's stock, valued at approximately $5,018,000. First Trust Advisors LP owned approximately 0.33% of Playa Hotels & Resorts at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PLYA. Steward Partners Investment Advisory LLC lifted its stake in shares of 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 purchasing an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC purchased a new stake in Playa Hotels & Resorts during the fourth quarter valued at about $126,000. Barclays PLC grew its stake in Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company's stock worth $165,000 after buying an additional 19,298 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Playa Hotels & Resorts during the 4th quarter worth approximately $226,000. Finally, EMC Capital Management grew its stake in shares of Playa Hotels & Resorts by 193.5% during the fourth quarter. EMC Capital Management now owns 24,632 shares of the company's stock valued at $312,000 after acquiring an additional 16,240 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Price Performance

PLYA stock remained flat at $13.43 on Friday. 1,832,670 shares of the company were exchanged, compared to its average volume of 2,002,968. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The company has a 50 day simple moving average of $13.35 and a two-hundred day simple moving average of $11.88. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.44. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.44 and a beta of 0.91.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The firm had revenue of $218.94 million for the quarter, compared to the consensus estimate of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. As a group, research analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Macquarie lowered shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Truist Financial reaffirmed a "hold" rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Finally, Oppenheimer lowered Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, Playa Hotels & Resorts currently has an average rating of "Hold" and a consensus price target of $12.10.

Playa Hotels & Resorts Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm's geographical segments include 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.