Seven Six Capital Management LLC Purchases Shares of 381,400 Playa Hotels & Resorts (NASDAQ:PLYA)

Seven Six Capital Management LLC purchased a new stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 381,400 shares of the company's stock, valued at approximately $4,825,000. Playa Hotels & Resorts makes up 4.2% of Seven Six Capital Management LLC's holdings, making the stock its 9th largest holding. Seven Six Capital Management LLC owned 0.31% of Playa Hotels & Resorts as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PLYA. Barclays PLC raised its stake in shares of Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company's stock worth $165,000 after buying an additional 19,298 shares during the last quarter. EMC Capital Management raised its stake in shares of 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 during the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth approximately $126,000. Nkcfo LLC bought a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth approximately $696,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Playa Hotels & Resorts by 313.6% during the fourth quarter. Bank of New York Mellon Corp now owns 81,021 shares of the company's stock worth $1,025,000 after buying an additional 61,431 shares during the last quarter. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Macquarie reaffirmed a "neutral" rating and issued a $13.50 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Playa Hotels & Resorts currently has an average rating of "Hold" and an average price target of $12.00.

Playa Hotels & Resorts Stock Performance

Shares of PLYA stock remained flat at $13.44 during trading hours on Tuesday. 380,703 shares of the stock traded hands, compared to its average volume of 2,005,541. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.45. The company has a 50 day moving average of $13.37 and a 200 day moving average of $12.25. The stock has a market cap of $1.65 billion, a P/E ratio of 28.00, a PEG ratio of 2.44 and a beta of 0.67. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced 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). Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business had revenue of $267.29 million for the quarter, compared to analyst estimates of $262.24 million. During the same quarter in the previous year, the company posted $0.40 EPS. The business's revenue for the quarter was down 11.1% compared to the same quarter last year. On average, research analysts forecast that Playa Hotels & Resorts will post 0.56 EPS for the current year.

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.