Oberweis Asset Management Inc. Lowers Stake in Playa Hotels & Resorts (NASDAQ:PLYA)

Oberweis Asset Management Inc. decreased its position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 705,100 shares of the company's stock after selling 67,400 shares during the quarter. Oberweis Asset Management Inc. owned 0.58% of Playa Hotels & Resorts worth $8,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of Playa Hotels & Resorts by 207.8% in the third quarter. Jane Street Group LLC now owns 83,703 shares of the company's stock worth $649,000 after buying an additional 56,506 shares during the period. Barclays PLC grew its position in Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company's stock worth $165,000 after acquiring an additional 19,298 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in shares of Playa Hotels & Resorts by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company's stock worth $447,000 after buying an additional 1,664 shares during the period. EMC Capital Management raised its position in 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 last quarter. Finally, Avidian Wealth Enterprises LLC purchased a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth about $126,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

Analyst Upgrades and Downgrades

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

Playa Hotels & Resorts Stock Performance

NASDAQ PLYA traded down $0.01 during trading hours on Tuesday, hitting $13.41. The company's stock had a trading volume of 1,313,766 shares, compared to its average volume of 1,960,063. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.44. The company's 50 day simple moving average is $13.34 and its two-hundred day simple moving average is $11.75. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The company has a market cap of $1.65 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $218.94 million during the quarter, compared to analysts' expectations of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. As a group, sell-side analysts expect that Playa Hotels & Resorts will post 0.56 EPS 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.