Playa Hotels & Resorts (NASDAQ:PLYA) Stake Trimmed by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 78.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,788 shares of the company’s stock after selling 42,806 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Playa Hotels & Resorts were worth $149,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. MQS Management LLC acquired a new stake in shares of Playa Hotels & Resorts during the third quarter valued at approximately $689,000. Oppenheimer & Co. Inc. grew its position in Playa Hotels & Resorts by 69.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 52,443 shares of the company’s stock worth $406,000 after purchasing an additional 21,562 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Playa Hotels & Resorts by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock valued at $3,326,000 after buying an additional 5,154 shares during the period. FMR LLC grew its holdings in shares of Playa Hotels & Resorts by 59.5% during the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after acquiring an additional 9,713 shares in the last quarter. Finally, De Lisle Partners LLP increased its stake in shares of Playa Hotels & Resorts by 14.9% in the third quarter. De Lisle Partners LLP now owns 229,150 shares of the company’s stock worth $1,777,000 after acquiring an additional 29,700 shares during the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Price Performance

Shares of NASDAQ:PLYA opened at $13.35 on Thursday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.44 and a beta of 1.44. The business has a 50-day moving average of $12.77 and a two-hundred day moving average of $10.17. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.40. 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) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $218.94 million for the quarter, compared to the consensus estimate of $212.26 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. On average, equities research analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their price objective for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Oppenheimer lowered Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Macquarie cut Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Truist Financial reaffirmed a “hold” rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.10.

About Playa Hotels & Resorts

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.