Marshall Wace LLP Buys 22,096 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Marshall Wace LLP raised its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 188.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Steward Partners Investment Advisory LLC grew its stake in shares of Playa Hotels & Resorts by 86.3% during the 4th 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 position in shares of Playa Hotels & Resorts in the fourth quarter worth approximately $126,000. Russell Investments Group Ltd. increased its stake in shares of Playa Hotels & Resorts by 15.3% in the fourth quarter. Russell Investments Group Ltd. now owns 88,652 shares of the company's stock worth $1,121,000 after purchasing an additional 11,742 shares in the last quarter. EMC Capital Management raised its position in shares of Playa Hotels & Resorts by 193.5% during the 4th quarter. EMC Capital Management now owns 24,632 shares of the company's stock valued at $312,000 after purchasing an additional 16,240 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at $226,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price target for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Macquarie cut Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Oppenheimer cut Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Finally, Truist Financial reaffirmed a "hold" rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.10.

Playa Hotels & Resorts Price Performance

PLYA opened at $13.43 on Friday. The company has a market capitalization of $1.65 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. The firm has a 50-day simple moving average of $13.35 and a two-hundred day simple moving average of $11.86. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.44.

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

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.

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