LMR Partners LLP Invests $3.14 Million in Playa Hotels & Resorts (NASDAQ:PLYA)

LMR Partners LLP bought a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 247,907 shares of the company's stock, valued at approximately $3,136,000. LMR Partners LLP owned approximately 0.20% of Playa Hotels & Resorts at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in shares of 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 valued at $41,000 after acquiring an additional 3,202 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in 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 worth $119,000 after purchasing an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $126,000. Barclays PLC boosted its holdings 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 valued at $165,000 after buying an additional 19,298 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Playa Hotels & Resorts in the 4th quarter valued at $226,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Stock Performance

PLYA remained flat at $13.44 during trading on Friday. The company's stock had a trading volume of 1,176,657 shares, compared to its average volume of 1,994,499. The company has a market capitalization of $1.65 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. The firm has a 50-day moving average of $13.37 and a two-hundred day moving average of $12.14. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.45. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $267.29 million for the quarter, compared to analyst estimates of $262.24 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The company's revenue was down 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 EPS. Equities analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

PLYA has been the topic of several research reports. Oppenheimer lowered Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Finally, Macquarie reaffirmed a "neutral" rating and set a $13.50 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.00.

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.