AQR Capital Management LLC Boosts Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

AQR Capital Management LLC grew its holdings in Playa Hotels & Resorts (NASDAQ:PLYA) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,146 shares of the company’s stock after acquiring an additional 2,006 shares during the period. AQR Capital Management LLC owned about 0.11% of Playa Hotels & Resorts worth $1,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PLYA. Gladius Capital Management LP bought a new position in shares of Playa Hotels & Resorts during the second quarter worth $61,000. Canada Pension Plan Investment Board purchased a new stake in shares of Playa Hotels & Resorts during the 2nd quarter worth approximately $88,000. Lazard Asset Management LLC bought a new position in shares of Playa Hotels & Resorts during the 1st quarter valued at approximately $95,000. Quadrature Capital Ltd purchased a new position in shares of Playa Hotels & Resorts in the first quarter valued at $98,000. Finally, Marshall Wace LLP bought a new stake in Playa Hotels & Resorts in the second quarter worth $102,000. Institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Stock Performance

Playa Hotels & Resorts stock opened at $8.29 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 2.23 and a quick ratio of 2.13. The firm has a market capitalization of $1.10 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.33 and a beta of 1.62. Playa Hotels & Resorts has a 1-year low of $6.88 and a 1-year high of $9.85. The company’s 50-day moving average is $7.69 and its 200 day moving average is $8.36.

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

Wall Street Analyst Weigh In

PLYA has been the subject of several research reports. Macquarie reiterated an “outperform” rating and set a $14.00 price objective on shares of Playa Hotels & Resorts in a research report on Wednesday, August 7th. Oppenheimer dropped their price target on Playa Hotels & Resorts from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Truist Financial decreased their price objective on Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Citigroup reiterated a “neutral” rating and issued a $8.00 target price (down previously from $12.00) on shares of Playa Hotels & Resorts in a report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating for the company in a research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Playa Hotels & Resorts 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.