381,400 Shares in Playa Hotels & Resorts (NASDAQ:PLYA) Acquired by Seven Six Capital Management LLC

Seven Six Capital Management LLC bought a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 381,400 shares of the company's stock, valued at approximately $4,825,000. Playa Hotels & Resorts comprises 4.2% of Seven Six Capital Management LLC's investment portfolio, making the stock its 9th largest position. Seven Six Capital Management LLC owned 0.31% of Playa Hotels & Resorts at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLYA. Tower Research Capital LLC TRC grew its position in shares of Playa Hotels & Resorts by 5,003.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock valued at $41,000 after purchasing an additional 3,202 shares during the period. Steward Partners Investment Advisory LLC grew 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 valued at $119,000 after purchasing an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in Playa Hotels & Resorts in the 4th quarter valued at $126,000. Russell Investments Group Ltd. lifted its position in Playa Hotels & Resorts by 15.3% during the 4th quarter. Russell Investments Group Ltd. now owns 88,652 shares of the company's stock worth $1,121,000 after buying an additional 11,742 shares in the last quarter. Finally, EMC Capital Management boosted its stake in shares of Playa Hotels & Resorts by 193.5% during the 4th quarter. EMC Capital Management now owns 24,632 shares of the company's stock worth $312,000 after buying an additional 16,240 shares during the last quarter. 74.58% of the stock is owned by institutional investors and hedge funds.

Playa Hotels & Resorts Stock Performance

Shares of PLYA stock traded up $0.01 during trading on Thursday, reaching $13.45. 50,788 shares of the company's stock were exchanged, compared to its average volume of 1,997,896. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $1.65 billion, a PE ratio of 28.01, a PEG ratio of 2.44 and a beta of 0.67. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.46. The firm's fifty day moving average price is $13.38 and its 200-day moving average price is $12.27.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on PLYA shares. Oppenheimer cut Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the stock from $15.00 to $13.50 in a research report on Tuesday, February 11th. Finally, Macquarie restated 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 company presently has an average rating of "Hold" and a consensus 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.