Dimensional Fund Advisors LP Purchases 63,595 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Dimensional Fund Advisors LP increased its stake in Playa Hotels & Resorts (NASDAQ:PLYA) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,673,429 shares of the company’s stock after purchasing an additional 63,595 shares during the quarter. Dimensional Fund Advisors LP owned about 5.76% of Playa Hotels & Resorts worth $64,379,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PLYA. Gladius Capital Management LP bought a new stake in Playa Hotels & Resorts during the second quarter valued at approximately $61,000. Lazard Asset Management LLC bought a new position in Playa Hotels & Resorts in the first quarter worth about $95,000. Quadrature Capital Ltd purchased a new stake in Playa Hotels & Resorts in the first quarter worth $98,000. AdvisorShares Investments LLC purchased a new position in Playa Hotels & Resorts during the 2nd quarter valued at about $105,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Playa Hotels & Resorts in the 1st quarter worth approximately $134,000. 74.58% of the stock is currently owned by institutional investors.

Playa Hotels & Resorts Stock Down 0.5 %

Shares of Playa Hotels & Resorts stock opened at $7.80 on Friday. Playa Hotels & Resorts has a 1 year low of $6.88 and a 1 year high of $9.85. The firm’s 50-day moving average is $7.79 and its two-hundred day moving average is $8.48. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.84 and a beta of 1.62. The company has a debt-to-equity ratio of 1.93, a current ratio of 2.23 and a quick ratio of 2.13.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $235.48 million during the quarter, compared to analysts’ expectations of $228.95 million. Playa Hotels & Resorts had a return on equity of 11.79% and a net margin of 5.85%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. As a group, research analysts expect that Playa Hotels & Resorts will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the company. Truist Financial cut their target price on Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Oppenheimer lowered their target price on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Macquarie reissued an “outperform” rating and issued a $14.00 target price on shares of Playa Hotels & Resorts in a report on Wednesday, August 7th. Citigroup reissued a “neutral” rating and issued a $8.00 target price (down from $12.00) on shares of Playa Hotels & Resorts in a report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Playa Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.