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

Shellback Capital LP lessened its stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 72.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in Playa Hotels & Resorts by 5,003.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after buying an additional 3,202 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Playa Hotels & Resorts by 86.3% in 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 during the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in Playa Hotels & Resorts in the fourth quarter worth $126,000. KLP Kapitalforvaltning AS purchased a new stake in Playa Hotels & Resorts in the fourth quarter worth $226,000. Finally, Freestone Grove Partners LP purchased a new stake in Playa Hotels & Resorts in the fourth quarter worth $263,000. Institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Price Performance

NASDAQ:PLYA remained flat at $13.44 during trading hours on Tuesday. The company had a trading volume of 380,703 shares, compared to its average volume of 2,005,541. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 2.44 and a beta of 0.67. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.45. The company has a 50 day moving average of $13.37 and a two-hundred day moving average of $12.25. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Macquarie reissued a "neutral" rating and issued a $13.50 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Finally, Oppenheimer cut Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, Playa Hotels & Resorts has a consensus rating of "Hold" and an average target price 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.