Freestone Grove Partners LP Makes New Investment in Playa Hotels & Resorts (NASDAQ:PLYA)

Freestone Grove Partners LP purchased a new stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,763 shares of the company's stock, valued at approximately $263,000.

Several other large investors have also modified their holdings of the business. Long Pond Capital LP lifted its stake in Playa Hotels & Resorts by 16.2% in the 4th quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock valued at $100,459,000 after buying an additional 1,107,983 shares in the last quarter. Voss Capital LP lifted its position in shares of Playa Hotels & Resorts by 54.5% in the fourth quarter. Voss Capital LP now owns 6,576,824 shares of the company's stock valued at $83,197,000 after acquiring an additional 2,320,641 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Playa Hotels & Resorts by 8.9% during the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock valued at $37,705,000 after acquiring an additional 244,584 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Playa Hotels & Resorts by 18.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock worth $30,796,000 after purchasing an additional 387,270 shares in the last quarter. Finally, New South Capital Management Inc. acquired a new position in Playa Hotels & Resorts in the 4th quarter valued at about $11,374,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Playa Hotels & Resorts Trading Up 0.1 %

NASDAQ:PLYA traded up $0.01 during trading hours on Friday, reaching $13.44. 255,383 shares of the company were exchanged, compared to its average volume of 1,993,397. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.44 and a beta of 0.67. The stock has a 50 day simple moving average of $13.36 and a 200 day simple moving average of $12.03. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $13.45. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its 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). The firm had revenue of $267.29 million during the quarter, compared to analyst estimates of $262.24 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. Playa Hotels & Resorts's revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. As a group, analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current year.

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.