LSV Asset Management Sells 151,600 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

LSV Asset Management decreased its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,392,600 shares of the company's stock after selling 151,600 shares during the period. LSV Asset Management owned 1.15% of Playa Hotels & Resorts worth $17,616,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. New South Capital Management Inc. bought a new position in shares of Playa Hotels & Resorts in the fourth quarter worth about $11,374,000. Raymond James Financial Inc. bought a new position in Playa Hotels & Resorts in the 4th quarter worth approximately $5,308,000. Arrowstreet Capital Limited Partnership increased its position in Playa Hotels & Resorts by 18.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock worth $30,796,000 after buying an additional 387,270 shares during the period. Cinctive Capital Management LP acquired a new position in shares of Playa Hotels & Resorts during the fourth quarter worth approximately $3,256,000. Finally, American Century Companies Inc. boosted its position in shares of Playa Hotels & Resorts by 8.9% in the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock valued at $37,705,000 after acquiring an additional 244,584 shares during the period. 74.58% of the stock is currently owned by institutional investors.

Playa Hotels & Resorts Price Performance

Shares of PLYA stock traded down $0.01 during mid-day trading on Friday, reaching $13.41. The company's stock had a trading volume of 807,852 shares, compared to its average volume of 1,874,720. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The firm's 50-day moving average is $13.33 and its two-hundred day moving average is $11.43. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.43. 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.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. The firm had revenue of $218.94 million during the quarter, compared to analyst estimates of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. On average, research analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

PLYA has been the topic of a number of research reports. Truist Financial reaffirmed a "hold" rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Oppenheimer cut shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Finally, Macquarie lowered Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.