Barclays PLC Buys 81,545 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Barclays PLC lifted its holdings in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 383.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,785 shares of the company's stock after acquiring an additional 81,545 shares during the period. Barclays PLC owned 0.08% of Playa Hotels & Resorts worth $1,300,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. New South Capital Management Inc. purchased a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth about $11,374,000. Raymond James Financial Inc. purchased a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth approximately $5,308,000. Arrowstreet Capital Limited Partnership boosted its stake in Playa Hotels & Resorts by 18.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock worth $30,796,000 after purchasing an additional 387,270 shares during the last quarter. Quinn Opportunity Partners LLC purchased a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth $3,770,000. Finally, Cinctive Capital Management LP purchased a new position in shares of Playa Hotels & Resorts in the fourth quarter worth about $3,256,000. 74.58% of the stock is owned by institutional investors.

Playa Hotels & Resorts Stock Up 0.1 %

NASDAQ:PLYA traded up $0.01 during trading hours on Friday, hitting $13.44. The stock had a trading volume of 255,383 shares, compared to its average volume of 1,993,397. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The business has a 50 day simple moving average of $13.36 and a two-hundred day simple moving average of $12.03. The company has a market cap of $1.65 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.45.

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

Analysts Set New Price Targets

Several research firms have recently commented on PLYA. Oppenheimer lowered shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Finally, Macquarie reaffirmed a "neutral" rating and set a $13.50 target price on shares of Playa Hotels & Resorts in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $12.00.

Playa Hotels & Resorts Company 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.