Playa Hotels & Resorts (NASDAQ:PLYA) Shares Bought by Marshall Wace LLP

Marshall Wace LLP raised its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 188.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,829 shares of the company's stock after purchasing an additional 22,096 shares during the period. Marshall Wace LLP's holdings in Playa Hotels & Resorts were worth $428,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PLYA. Steward Partners Investment Advisory LLC grew its holdings in shares of 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 buying an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new position in Playa Hotels & Resorts in the 4th quarter worth approximately $126,000. KLP Kapitalforvaltning AS acquired a new position in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $226,000. Barclays PLC grew its position in shares of Playa Hotels & Resorts by 993.7% in the third quarter. Barclays PLC now owns 21,240 shares of the company's stock valued at $165,000 after purchasing an additional 19,298 shares in the last quarter. Finally, EMC Capital Management boosted its stake in Playa Hotels & Resorts by 193.5% during the fourth quarter. EMC Capital Management now owns 24,632 shares of the company's stock worth $312,000 after buying an additional 16,240 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on PLYA shares. Macquarie reissued a "neutral" rating and set a $13.50 price target on shares of Playa Hotels & Resorts in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the stock from $15.00 to $13.50 in a research report on Tuesday, February 11th. Finally, Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $12.00.

Playa Hotels & Resorts Stock Performance

Shares of Playa Hotels & Resorts stock traded up $0.01 during trading on Friday, reaching $13.44. The company's stock had a trading volume of 70,341 shares, compared to its average volume of 1,984,279. The firm has a market cap of $1.65 billion, a PE ratio of 28.00, a P/E/G ratio of 2.44 and a beta of 0.67. The company has a 50-day moving average price of $13.36 and a two-hundred day moving average price of $11.97. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.45.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 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 $267.29 million for the quarter, compared to analyst estimates of $262.24 million. During the same quarter last year, the company posted $0.40 EPS. Playa Hotels & Resorts's quarterly revenue was down 11.1% on a year-over-year basis. On average, analysts forecast that Playa Hotels & Resorts will post 0.56 EPS for the current year.

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.