MYDA Advisors LLC Sells 480,170 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

MYDA Advisors LLC reduced its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 66.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,000 shares of the company's stock after selling 480,170 shares during the quarter. MYDA Advisors LLC owned about 0.20% of Playa Hotels & Resorts worth $3,036,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SkyView Investment Advisors LLC grew its holdings in Playa Hotels & Resorts by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company's stock valued at $447,000 after purchasing an additional 1,664 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Playa Hotels & Resorts by 86.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock valued at $119,000 after buying an additional 4,342 shares during the period. FMR LLC increased its position in shares of Playa Hotels & Resorts by 59.5% in the 3rd quarter. FMR LLC now owns 26,041 shares of the company's stock valued at $202,000 after buying an additional 9,713 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in Playa Hotels & Resorts during the 4th quarter worth $126,000. Finally, Russell Investments Group Ltd. raised its stake in Playa Hotels & Resorts by 15.3% during the 4th quarter. Russell Investments Group Ltd. now owns 88,652 shares of the company's stock worth $1,121,000 after buying an additional 11,742 shares during the period. 74.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Playa Hotels & Resorts Price Performance

Shares of PLYA stock traded down $0.02 during trading hours on Friday, reaching $13.43. The company's stock had a trading volume of 2,225,139 shares, compared to its average volume of 1,937,844. 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 fifty-two week low of $6.95 and a fifty-two week high of $13.44. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 2.44 and a beta of 0.91. The firm's 50 day simple moving average is $13.34 and its 200-day simple moving average is $11.62.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating 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 business had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. Sell-side analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current 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.