Voss Capital LP Boosts Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Voss Capital LP increased its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 54.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,576,824 shares of the company's stock after acquiring an additional 2,320,641 shares during the period. Playa Hotels & Resorts makes up 6.2% of Voss Capital LP's investment portfolio, making the stock its 4th largest holding. Voss Capital LP owned about 5.41% of Playa Hotels & Resorts worth $83,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Steward Partners Investment Advisory LLC lifted its holdings in shares of 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 buying an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC purchased a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at about $126,000. Barclays PLC lifted its stake in shares of Playa Hotels & Resorts by 993.7% in 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 period. FMR LLC boosted its holdings in shares of Playa Hotels & Resorts by 59.5% in the third quarter. FMR LLC now owns 26,041 shares of the company's stock worth $202,000 after buying an additional 9,713 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Playa Hotels & Resorts during the fourth quarter valued at approximately $226,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Price Performance

Shares of PLYA stock traded down $0.01 during mid-day trading on Friday, hitting $13.43. The company had a trading volume of 3,289,669 shares, compared to its average volume of 1,948,643. The company has a market capitalization of $1.65 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.44 and a beta of 0.91. The stock's 50 day moving average price is $13.34 and its 200-day moving average price is $11.66. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $13.44. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The business 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%. Equities research analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PLYA shares. Deutsche Bank Aktiengesellschaft downgraded 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 report on Tuesday, February 11th. Oppenheimer cut Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Macquarie lowered shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Truist Financial reaffirmed a "hold" rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.