PDT Partners LLC Sells 39,272 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

PDT Partners LLC lowered its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 34.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,793 shares of the company's stock after selling 39,272 shares during the quarter. PDT Partners LLC owned about 0.06% of Playa Hotels & Resorts worth $959,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Voss Capital LP grew its holdings in shares of Playa Hotels & Resorts by 54.5% during the 4th quarter. Voss Capital LP now owns 6,576,824 shares of the company's stock worth $83,197,000 after purchasing an additional 2,320,641 shares in the last quarter. Long Pond Capital LP lifted its position in Playa Hotels & Resorts by 16.2% during the fourth quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock worth $100,459,000 after purchasing an additional 1,107,983 shares during the period. New South Capital Management Inc. acquired a new stake in Playa Hotels & Resorts during the fourth quarter worth about $11,374,000. Raymond James Financial Inc. bought a new position in Playa Hotels & Resorts in the 4th quarter valued at about $5,308,000. Finally, First Trust Advisors LP acquired a new position in shares of Playa Hotels & Resorts in the 4th quarter valued at approximately $5,018,000. Institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Price Performance

Shares of NASDAQ:PLYA remained flat at $13.43 during trading on Friday. 1,832,670 shares of the stock traded hands, compared to its average volume of 2,002,968. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.44. The firm has a market cap of $1.65 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.44 and a beta of 0.91. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The stock has a fifty day simple moving average of $13.35 and a 200 day simple moving average of $11.86.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping 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 business had revenue of $218.94 million during the quarter, compared to analysts' expectations of $212.26 million. As a group, sell-side analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About Playa Hotels & Resorts

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.