Playa Hotels & Resorts (NASDAQ:PLYA) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in Playa Hotels & Resorts (NASDAQ:PLYA) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,600 shares of the company’s stock after selling 16,400 shares during the quarter. Swiss National Bank owned 0.14% of Playa Hotels & Resorts worth $2,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLYA. SkyView Investment Advisors LLC boosted its stake in shares of Playa Hotels & Resorts by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock valued at $447,000 after buying an additional 1,664 shares in the last quarter. PDT Partners LLC grew its stake in shares of Playa Hotels & Resorts by 3.1% during the 3rd quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock worth $892,000 after purchasing an additional 3,502 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Playa Hotels & Resorts by 13.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock valued at $227,000 after purchasing an additional 3,555 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Playa Hotels & Resorts by 86.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock valued at $119,000 after purchasing an additional 4,342 shares during the period. Finally, FMR LLC boosted its holdings in Playa Hotels & Resorts by 59.5% during 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 in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

Playa Hotels & Resorts Stock Down 0.1 %

Shares of NASDAQ:PLYA opened at $13.33 on Friday. 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 company has a market capitalization of $1.64 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.44 and a beta of 1.44. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $13.40. The stock’s fifty day simple moving average is $13.07 and its 200-day simple moving average is $10.80.

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

Analysts Set New Price Targets

PLYA has been the subject of a number of research analyst reports. Macquarie cut shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price objective for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Truist Financial reiterated a “hold” rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Finally, Oppenheimer cut Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Playa Hotels & Resorts presently has an average rating of “Hold” and a consensus price target 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.