59,031 Shares in Playa Hotels & Resorts (NASDAQ:PLYA) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC acquired a new stake in Playa Hotels & Resorts (NASDAQ:PLYA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 59,031 shares of the company’s stock, valued at approximately $495,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Playa Hotels & Resorts by 15.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,784 shares of the company’s stock valued at $216,000 after purchasing an additional 3,371 shares during the period. Bailard Inc. purchased a new position in shares of Playa Hotels & Resorts during the second quarter valued at $258,000. Gladius Capital Management LP purchased a new position in Playa Hotels & Resorts during the 2nd quarter valued at about $61,000. EMC Capital Management bought a new stake in shares of Playa Hotels & Resorts in the 1st quarter valued at about $239,000. Finally, Paloma Partners Management Co bought a new stake in shares of Playa Hotels & Resorts in the 1st quarter valued at about $283,000. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Wall Street Analyst Weigh In

PLYA has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Macquarie reiterated an “outperform” rating and issued a $14.00 price target on shares of Playa Hotels & Resorts in a report on Wednesday, August 7th. Citigroup restated a “neutral” rating and set a $8.00 price objective (down from $12.00) on shares of Playa Hotels & Resorts in a research note on Tuesday, August 13th. 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. Finally, Oppenheimer decreased their price target on shares of 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Playa Hotels & Resorts Stock Performance

PLYA opened at $7.75 on Thursday. The firm’s 50-day moving average price is $7.90 and its 200-day moving average price is $8.55. The company has a market cap of $1.03 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 0.82 and a beta of 1.62. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 1.93. Playa Hotels & Resorts has a 52-week low of $6.88 and a 52-week high of $9.85.

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

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.