Freestone Grove Partners LP Takes $263,000 Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Freestone Grove 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 Form 13F filing with the SEC. The fund bought 20,763 shares of the company's stock, valued at approximately $263,000.

Several other hedge funds have also added to or reduced their stakes in PLYA. Barclays PLC lifted its stake in shares of Playa Hotels & Resorts by 993.7% during the 3rd 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 last quarter. EMC Capital Management boosted its holdings 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 worth $312,000 after acquiring an additional 16,240 shares during the period. Avidian Wealth Enterprises LLC acquired a new position in Playa Hotels & Resorts in the 4th quarter valued at $126,000. Nkcfo LLC bought a new position in Playa Hotels & Resorts during the fourth quarter worth about $696,000. Finally, Bank of New York Mellon Corp raised its holdings in Playa Hotels & Resorts by 313.6% in the 4th quarter. Bank of New York Mellon Corp now owns 81,021 shares of the company's stock valued at $1,025,000 after acquiring an additional 61,431 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company's stock.

Playa Hotels & Resorts Trading Up 0.0 %

PLYA traded up $0.01 during midday trading on Wednesday, hitting $13.44. 463,415 shares of the company were exchanged, compared to its average volume of 1,992,774. The firm has a market capitalization of $1.65 billion, a P/E ratio of 27.99, a P/E/G ratio of 2.44 and a beta of 0.67. The firm's 50 day moving average price is $13.36 and its 200-day moving average price is $11.94. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.45.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its 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). Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. The company had revenue of $267.29 million during the quarter, compared to the consensus estimate of $262.24 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The business's revenue was down 11.1% on a year-over-year basis. As a group, equities analysts forecast that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PLYA. Oppenheimer downgraded Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Macquarie reiterated a "neutral" rating and set a $13.50 price objective on shares of Playa Hotels & Resorts in a research report on Tuesday. Truist Financial reaffirmed a "hold" rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the company from $15.00 to $13.50 in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, Playa Hotels & Resorts 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.