Playa Hotels & Resorts (NASDAQ:PLYA) Stake Lessened by Invesco Ltd.

Invesco Ltd. decreased its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,995,185 shares of the company's stock after selling 351,596 shares during the quarter. Invesco Ltd. owned about 2.46% of Playa Hotels & Resorts worth $37,889,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC grew 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 worth $119,000 after purchasing an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in Playa Hotels & Resorts in the fourth quarter worth about $126,000. Barclays PLC grew its position in Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company's stock valued at $165,000 after buying an additional 19,298 shares in the last quarter. FMR LLC increased its stake in Playa Hotels & Resorts by 59.5% during the 3rd quarter. FMR LLC now owns 26,041 shares of the company's stock valued at $202,000 after buying an additional 9,713 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth about $226,000. Institutional investors own 74.58% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PLYA shares. Macquarie cut shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Oppenheimer lowered Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Finally, 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. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $12.10.

Playa Hotels & Resorts Price Performance

Shares of NASDAQ PLYA traded up $0.02 during trading on Tuesday, hitting $13.41. The company had a trading volume of 5,663,093 shares, compared to its average volume of 1,906,195. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.44. The business's 50-day moving average is $13.34 and its 200 day moving average is $11.57. The company has a market cap of $1.65 billion, a P/E ratio of 27.94, a PEG 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 (NASDAQ:PLYA - Get Free Report) last announced 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. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. Equities research analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal 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.