Shellback Capital LP Sells 164,473 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Shellback Capital LP decreased its holdings in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 72.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,754 shares of the company's stock after selling 164,473 shares during the quarter. Shellback Capital LP owned approximately 0.05% of Playa Hotels & Resorts worth $806,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PLYA. Tower Research Capital LLC TRC raised its holdings in Playa Hotels & Resorts by 5,003.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after purchasing an additional 3,202 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock worth $119,000 after buying an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of Playa Hotels & Resorts in the fourth quarter worth $126,000. Barclays PLC lifted its position in shares of Playa Hotels & Resorts by 993.7% in the third quarter. Barclays PLC now owns 21,240 shares of the company's stock worth $165,000 after purchasing an additional 19,298 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Playa Hotels & Resorts during the fourth quarter worth $226,000. 74.58% of the stock is owned by institutional investors.

Playa Hotels & Resorts Stock Up 0.0%

PLYA traded up $0.01 during trading on Thursday, reaching $13.45. 50,788 shares of the stock were exchanged, compared to its average volume of 1,997,896. 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 stock's 50 day moving average price is $13.38 and its two-hundred day moving average price is $12.27. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.46. The stock has a market cap of $1.65 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm 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%. The firm's revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Equities analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current 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 lowered their price target for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Oppenheimer downgraded Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Finally, Macquarie reiterated a "neutral" rating and set a $13.50 target price on shares of Playa Hotels & Resorts in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $12.00.

Playa Hotels & Resorts Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm operates through the following geographical segments: 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.