Playa Hotels & Resorts (NASDAQ:PLYA) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its position in Playa Hotels & Resorts (NASDAQ:PLYA) by 86.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,372 shares of the company’s stock after acquiring an additional 4,342 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Playa Hotels & Resorts were worth $119,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its stake in shares of Playa Hotels & Resorts by 69.8% in the third quarter. Oppenheimer & Co. Inc. now owns 52,443 shares of the company’s stock valued at $406,000 after purchasing an additional 21,562 shares during the period. King Luther Capital Management Corp increased its position in Playa Hotels & Resorts by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock valued at $3,326,000 after acquiring an additional 5,154 shares during the period. FMR LLC increased its position in Playa Hotels & Resorts by 59.5% in 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 during the period. De Lisle Partners LLP raised its stake in Playa Hotels & Resorts by 14.9% during the 3rd quarter. De Lisle Partners LLP now owns 229,150 shares of the company’s stock valued at $1,777,000 after acquiring an additional 29,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Playa Hotels & Resorts by 13.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock worth $227,000 after acquiring an additional 3,555 shares during the period. 74.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Playa Hotels & Resorts Price Performance

NASDAQ:PLYA opened at $13.31 on Monday. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The business’s 50-day moving average price is $12.91 and its 200 day moving average price is $10.49. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $13.40. The firm has a market cap of $1.64 billion, a P/E ratio of 27.73, a PEG ratio of 2.44 and a beta of 1.44.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. The business had revenue of $218.94 million for the quarter, compared to the consensus estimate of $212.26 million. As a group, sell-side analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

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.