Playa Hotels & Resorts (NASDAQ:PLYA) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in Playa Hotels & Resorts (NASDAQ:PLYA) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,434,496 shares of the company’s stock after purchasing an additional 387,270 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 2.00% of Playa Hotels & Resorts worth $30,796,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PLYA. American Century Companies Inc. boosted its position in shares of Playa Hotels & Resorts by 8.9% in the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company’s stock worth $37,705,000 after buying an additional 244,584 shares during the period. New South Capital Management Inc. purchased a new position in Playa Hotels & Resorts in the 4th quarter worth approximately $11,374,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Playa Hotels & Resorts in the third quarter valued at approximately $6,032,000. Raymond James Financial Inc. purchased a new stake in shares of Playa Hotels & Resorts during the fourth quarter valued at approximately $5,308,000. Finally, Rock Creek Group LP lifted its position in shares of Playa Hotels & Resorts by 59.0% during the fourth quarter. Rock Creek Group LP now owns 198,691 shares of the company’s stock worth $2,513,000 after purchasing an additional 73,691 shares in the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Playa Hotels & Resorts Price Performance

NASDAQ:PLYA opened at $13.34 on Thursday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.44. Playa Hotels & Resorts has a one year low of $6.95 and a one year high of $13.40. The stock has a 50-day simple moving average of $13.14 and a 200 day simple moving average of $10.98.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results 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 during 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%. Sell-side analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Playa Hotels & Resorts Company Profile

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.