Knightsbridge Asset Management LLC Invests $789,000 in Playa Hotels & Resorts (NASDAQ:PLYA)

Knightsbridge Asset Management LLC acquired a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 62,381 shares of the company's stock, valued at approximately $789,000. Knightsbridge Asset Management LLC owned approximately 0.05% of Playa Hotels & Resorts at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PLYA. SkyView Investment Advisors LLC grew its stake in Playa Hotels & Resorts by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company's stock worth $447,000 after acquiring an additional 1,664 shares during the period. Tower Research Capital LLC TRC grew its stake in Playa Hotels & Resorts by 5,003.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after acquiring an additional 3,202 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Playa Hotels & Resorts by 86.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock worth $119,000 after acquiring an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC acquired a new position in shares of Playa Hotels & Resorts in the 4th quarter valued at $126,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Playa Hotels & Resorts by 15.3% in the 4th quarter. Russell Investments Group Ltd. now owns 88,652 shares of the company's stock valued at $1,121,000 after purchasing an additional 11,742 shares during the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Stock Performance

NASDAQ PLYA remained flat at $13.42 during mid-day trading on Wednesday. The company's stock had a trading volume of 1,223,849 shares, compared to its average volume of 1,965,749. Playa Hotels & Resorts has a 12-month low of $6.95 and a 12-month high of $13.44. The firm's fifty day simple moving average is $13.34 and its two-hundred day simple moving average is $11.76. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $1.65 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $218.94 million during the quarter, compared to analyst estimates of $212.26 million. Equities research analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Macquarie lowered 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 report on Tuesday, February 11th. Truist Financial reaffirmed 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, Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.10.

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.