Playa Hotels & Resorts (NASDAQ:PLYA) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 84.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,236 shares of the company's stock after buying an additional 19,824 shares during the quarter. XTX Topco Ltd's holdings in Playa Hotels & Resorts were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PLYA. American Century Companies Inc. raised its stake in shares of Playa Hotels & Resorts by 8.9% in the 4th 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in 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 buying an additional 387,270 shares during the last quarter. New South Capital Management Inc. acquired a new stake in Playa Hotels & Resorts during the fourth quarter valued at approximately $11,374,000. Raymond James Financial Inc. bought a new position in Playa Hotels & Resorts during the 4th quarter worth approximately $5,308,000. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of Playa Hotels & Resorts in the 4th quarter worth approximately $3,770,000. 74.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Playa Hotels & Resorts Stock Performance

Shares of PLYA traded down $0.01 during mid-day trading on Friday, reaching $13.44. 1,536,167 shares of the company's stock traded hands, compared to its average volume of 1,935,345. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.44. The stock has a market capitalization of $1.65 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. The business's 50-day moving average price is $13.34 and its 200-day moving average price is $11.62. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its quarterly 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. The company had revenue of $218.94 million during the quarter, compared to analyst estimates of $212.26 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. Equities analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

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.