Raymond James Financial Inc. Makes New Investment in Playa Hotels & Resorts (NASDAQ:PLYA)

Raymond James Financial Inc. purchased a new stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 419,622 shares of the company's stock, valued at approximately $5,308,000. Raymond James Financial Inc. owned approximately 0.35% of Playa Hotels & Resorts as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its holdings in Playa Hotels & Resorts by 86.3% during 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 in the last quarter. Avidian Wealth Enterprises LLC purchased a new position in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $126,000. Barclays PLC raised its position in shares of Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company's stock worth $165,000 after purchasing an additional 19,298 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Playa Hotels & Resorts in the 4th quarter valued at approximately $226,000. Finally, EMC Capital Management increased its position in Playa Hotels & Resorts by 193.5% during the fourth quarter. EMC Capital Management now owns 24,632 shares of the company's stock worth $312,000 after buying an additional 16,240 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company's stock.

Playa Hotels & Resorts Trading Up 0.0 %

NASDAQ:PLYA traded up $0.01 on Thursday, hitting $13.43. 2,737,177 shares of the stock were exchanged, compared to its average volume of 4,193,327. The stock has a fifty day moving average of $13.35 and a 200-day moving average of $11.77. The stock has a market cap of $1.65 billion, a PE ratio of 27.97, a PEG ratio of 2.44 and a beta of 0.91. 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 has a fifty-two week low of $6.95 and a fifty-two week high of $13.44.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its 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 firm had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. As a group, equities analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.