Playa Hotels & Resorts (NASDAQ:PLYA) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,600 shares of the company's stock after selling 19,865 shares during the quarter. Legal & General Group Plc owned 0.07% of Playa Hotels & Resorts worth $1,095,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLYA. Steward Partners Investment Advisory LLC boosted its position 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 valued at $119,000 after acquiring an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC bought a new stake in shares of Playa Hotels & Resorts during the fourth quarter valued at approximately $126,000. KLP Kapitalforvaltning AS bought a new position in shares of Playa Hotels & Resorts during the fourth quarter valued at approximately $226,000. Barclays PLC raised its position in shares of Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company's stock worth $165,000 after purchasing an additional 19,298 shares during the last quarter. Finally, EMC Capital Management lifted its position in Playa Hotels & Resorts by 193.5% in the 4th quarter. EMC Capital Management now owns 24,632 shares of the company's stock valued at $312,000 after acquiring an additional 16,240 shares in the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Stock Performance

NASDAQ PLYA traded up $0.01 on Thursday, reaching $13.43. The stock had a trading volume of 1,225,915 shares, compared to its average volume of 1,981,012. The business's 50-day moving average price is $13.35 and its 200 day moving average price is $11.77. Playa Hotels & Resorts has a 12-month low of $6.95 and a 12-month high of $13.44. The stock has a market cap of $1.65 billion, a P/E ratio of 27.97, a price-to-earnings-growth 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 issued its earnings results on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 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 $218.94 million for the quarter, compared to analyst estimates of $212.26 million. As a group, equities analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PLYA shares. Oppenheimer lowered Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Macquarie cut Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the stock from $15.00 to $13.50 in a research report 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 report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $12.10.

About Playa Hotels & Resorts

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.