Cooper Creek Partners Management LLC Has $45.63 Million Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Cooper Creek Partners Management LLC lessened its position in Playa Hotels & Resorts (NASDAQ:PLYA) by 11.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,607,055 shares of the company’s stock after selling 452,725 shares during the quarter. Playa Hotels & Resorts makes up about 1.4% of Cooper Creek Partners Management LLC’s holdings, making the stock its 22nd biggest holding. Cooper Creek Partners Management LLC owned 2.97% of Playa Hotels & Resorts worth $45,629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Playa Hotels & Resorts by 59.5% in 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 during the period. Jane Street Group LLC lifted its stake in Playa Hotels & Resorts by 207.8% in the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after acquiring an additional 56,506 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in Playa Hotels & Resorts by 85.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,594 shares of the company’s stock worth $423,000 after acquiring an additional 25,192 shares during the period. Barclays PLC grew its stake in Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock valued at $165,000 after acquiring an additional 19,298 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Playa Hotels & Resorts by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock valued at $447,000 after purchasing an additional 1,664 shares during the period. Institutional investors and hedge funds own 74.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PLYA. Macquarie cut shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Oppenheimer lowered shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Truist Financial reaffirmed a “hold” rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Finally, 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. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Playa Hotels & Resorts has an average rating of “Hold” and a consensus price target of $12.10.

Playa Hotels & Resorts Stock Performance

PLYA stock opened at $13.38 on Friday. The firm has a 50 day moving average of $13.30 and a two-hundred day moving average of $11.30. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.43. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 2.44 and a beta of 0.91. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share (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 firm had revenue of $218.94 million during the quarter, compared to analysts’ expectations of $212.26 million. As a group, equities analysts anticipate that Playa Hotels & Resorts will post 0.56 EPS 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.