Playa Hotels & Resorts (NASDAQ:PLYA) Shares Purchased by Barclays PLC

Barclays PLC raised its position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 383.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,785 shares of the company's stock after purchasing an additional 81,545 shares during the quarter. Barclays PLC owned about 0.08% of Playa Hotels & Resorts worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PLYA. Steward Partners Investment Advisory LLC increased its position in 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 acquiring an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC bought a new position in shares of Playa Hotels & Resorts in the fourth quarter worth $126,000. Russell Investments Group Ltd. increased its holdings in shares of Playa Hotels & Resorts by 15.3% during the fourth quarter. Russell Investments Group Ltd. now owns 88,652 shares of the company's stock valued at $1,121,000 after purchasing an additional 11,742 shares during the period. EMC Capital Management raised its stake in shares of Playa Hotels & Resorts by 193.5% during the fourth 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 in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Playa Hotels & Resorts in the fourth quarter worth approximately $226,000. Institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Price Performance

Playa Hotels & Resorts stock opened at $13.43 on Monday. 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 0.67. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The business's fifty day moving average is $13.35 and its two-hundred day moving average is $11.88.

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, topping analysts' consensus estimates 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 firm had revenue of $218.94 million for the quarter, compared to analyst estimates of $212.26 million. Equities research analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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