LSV Asset Management Reduces Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

LSV Asset Management lowered its position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,945,100 shares of the company's stock after selling 111,300 shares during the period. LSV Asset Management owned about 1.43% of Playa Hotels & Resorts worth $16,825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new stake in Playa Hotels & Resorts during the 3rd quarter valued at approximately $76,000. CenterBook Partners LP bought a new stake in shares of Playa Hotels & Resorts during the third quarter valued at approximately $98,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Playa Hotels & Resorts by 16.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company's stock valued at $158,000 after buying an additional 2,634 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in shares of Playa Hotels & Resorts by 6.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 23,548 shares of the company's stock worth $204,000 after acquiring an additional 1,369 shares during the last quarter. Finally, Clear Harbor Asset Management LLC grew its stake in Playa Hotels & Resorts by 8.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 31,900 shares of the company's stock valued at $276,000 after acquiring an additional 2,500 shares in the last quarter. 74.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial increased their price objective on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, February 27th.

Insider Buying and Selling

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total transaction of $47,900.00. Following the sale, the director now directly owns 2,529,033 shares in the company, valued at $24,228,136.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 5,000 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $9.58, for a total transaction of $47,900.00. Following the transaction, the director now owns 2,529,033 shares in the company, valued at $24,228,136.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brandon B. Buhler sold 35,915 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.04, for a total transaction of $324,671.60. Following the completion of the sale, the chief accounting officer now owns 102,598 shares of the company's stock, valued at approximately $927,485.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,915 shares of company stock worth $604,222. Corporate insiders own 7.60% of the company's stock.

Playa Hotels & Resorts Price Performance

Shares of PLYA traded down $0.19 during mid-day trading on Tuesday, hitting $9.24. 1,036,013 shares of the stock were exchanged, compared to its average volume of 614,016. The firm has a 50-day moving average of $9.37 and a two-hundred day moving average of $8.50. Playa Hotels & Resorts has a 52-week low of $6.88 and a 52-week high of $9.85. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.91 and a current ratio of 2.00. The company has a market cap of $1.28 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 6.89 and a beta of 1.54.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. Playa Hotels & Resorts had a net margin of 5.51% and a return on equity of 10.67%. The business had revenue of $300.64 million during the quarter, compared to analyst estimates of $273.77 million. During the same quarter last year, the business earned $0.31 earnings per share. Playa Hotels & Resorts's quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts predict that Playa Hotels & Resorts will post 0.39 earnings per share for the current year.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.