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

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

Several other large investors have also added to or reduced their stakes in PLYA. Long Pond Capital LP lifted its position in Playa Hotels & Resorts by 16.2% during the 4th quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock worth $100,459,000 after buying an additional 1,107,983 shares in the last quarter. Voss Capital LP boosted its position in Playa Hotels & Resorts by 54.5% during the fourth 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 during the period. American Century Companies Inc. increased its holdings in shares of Playa Hotels & Resorts by 8.9% in the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock valued at $37,705,000 after purchasing an additional 244,584 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Playa Hotels & Resorts by 18.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock valued at $30,796,000 after purchasing an additional 387,270 shares during the period. Finally, New South Capital Management Inc. acquired a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth about $11,374,000. Institutional investors and hedge funds own 74.58% of the company's stock.

Playa Hotels & Resorts Price Performance

PLYA stock traded down $0.01 during midday trading on Tuesday, reaching $13.44. The company had a trading volume of 198,534 shares, compared to its average volume of 1,989,813. The stock has a 50 day moving average price of $13.35 and a 200-day moving average price of $11.92. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.44. 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 capitalization of $1.65 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $267.29 million for the quarter, compared to analyst estimates of $262.24 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. Playa Hotels & Resorts's quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. Equities research analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.