First Trust Advisors LP Purchases Shares of 396,704 Playa Hotels & Resorts (NASDAQ:PLYA)

First Trust Advisors LP acquired a new stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 reporting period.

Other large investors have also recently bought and sold shares of the company. Long Pond Capital LP boosted its position in Playa Hotels & Resorts by 16.2% during the 4th quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock worth $100,459,000 after purchasing an additional 1,107,983 shares during the period. Marshall Wace LLP increased its stake in Playa Hotels & Resorts by 188.3% in the 4th quarter. Marshall Wace LLP now owns 33,829 shares of the company's stock worth $428,000 after purchasing an additional 22,096 shares in the last quarter. PEAK6 LLC purchased a new stake in Playa Hotels & Resorts in the 4th quarter worth approximately $707,000. XTX Topco Ltd grew its position in Playa Hotels & Resorts by 84.7% in the fourth quarter. XTX Topco Ltd now owns 43,236 shares of the company's stock worth $547,000 after acquiring an additional 19,824 shares in the last quarter. Finally, Barclays PLC grew its holdings in Playa Hotels & Resorts by 383.9% during the fourth quarter. Barclays PLC now owns 102,785 shares of the company's stock valued at $1,300,000 after purchasing an additional 81,545 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company's stock.

Playa Hotels & Resorts Trading Up 0.0 %

Shares of NASDAQ:PLYA traded up $0.01 during midday trading on Wednesday, reaching $13.44. The company's stock had a trading volume of 463,415 shares, compared to its average volume of 1,992,777. The firm has a 50 day moving average price of $13.36 and a two-hundred day moving average price of $11.94. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 27.99, a PEG 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 has a fifty-two week low of $6.95 and a fifty-two week high of $13.45.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $267.29 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. As a group, analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

PLYA has been the topic of a number of recent research reports. Oppenheimer downgraded Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Truist Financial reissued a "hold" rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Finally, Macquarie restated a "neutral" rating and set a $13.50 target price on shares of Playa Hotels & Resorts in a report on Tuesday. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $12.00.

Playa Hotels & Resorts Company 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.