Geode Capital Management LLC lowered its holdings in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,148,417 shares of the company's stock after selling 64,175 shares during the quarter. Geode Capital Management LLC owned 0.94% of Playa Hotels & Resorts worth $14,533,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in PLYA. SkyView Investment Advisors LLC grew its stake in shares of Playa Hotels & Resorts by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company's stock valued at $447,000 after purchasing an additional 1,664 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock valued at $119,000 after acquiring an additional 4,342 shares during the period. FMR LLC boosted its stake in shares of Playa Hotels & Resorts by 59.5% in the 3rd quarter. FMR LLC now owns 26,041 shares of the company's stock valued at $202,000 after purchasing an additional 9,713 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth about $126,000. Finally, EMC Capital Management increased its position in shares of Playa Hotels & Resorts by 193.5% during the 4th quarter. EMC Capital Management now owns 24,632 shares of the company's stock worth $312,000 after purchasing an additional 16,240 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company's stock.
Analyst Ratings Changes
Several research firms have recently commented on PLYA. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Macquarie lowered Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Oppenheimer downgraded Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Finally, Truist Financial reissued a "hold" rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Playa Hotels & Resorts currently has a consensus rating of "Hold" and an average target price of $12.10.
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Playa Hotels & Resorts Stock Performance
PLYA traded down $0.01 on Friday, reaching $13.44. The company had a trading volume of 1,314,867 shares, compared to its average volume of 1,934,214. The stock has a market cap of $1.65 billion, a P/E ratio of 27.99, a P/E/G ratio of 2.44 and a beta of 0.91. 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 $13.44. The company's fifty day moving average is $13.34 and its 200 day moving average is $11.62.
Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $218.94 million for the quarter, compared to the consensus estimate of $212.26 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. As a group, analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.
Playa Hotels & Resorts Profile
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Free Report)
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.
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