New South Capital Management Inc. Purchases New Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

New South Capital Management Inc. purchased a new stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 899,140 shares of the company’s stock, valued at approximately $11,374,000. New South Capital Management Inc. owned 0.74% of Playa Hotels & Resorts at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC purchased a new position in Playa Hotels & Resorts during the 3rd quarter valued at about $6,032,000. King Luther Capital Management Corp lifted its stake in shares of Playa Hotels & Resorts by 1.2% in the third quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock worth $3,326,000 after buying an additional 5,154 shares in the last quarter. De Lisle Partners LLP lifted its stake in shares of Playa Hotels & Resorts by 14.9% in the third quarter. De Lisle Partners LLP now owns 229,150 shares of the company’s stock worth $1,777,000 after buying an additional 29,700 shares in the last quarter. Maverick Capital Ltd. lifted its stake in shares of Playa Hotels & Resorts by 24.5% in the third quarter. Maverick Capital Ltd. now owns 207,357 shares of the company’s stock worth $1,607,000 after buying an additional 40,821 shares in the last quarter. Finally, PDT Partners LLC lifted its stake in shares of Playa Hotels & Resorts by 3.1% in the third quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock worth $892,000 after buying an additional 3,502 shares in the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Playa Hotels & Resorts Stock Up 0.2 %

PLYA opened at $13.35 on Thursday. 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 firm has a 50 day moving average price of $12.77 and a 200-day moving average price of $10.17. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.40. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.44 and a beta of 1.44.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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. Equities research analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Playa Hotels & Resorts 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.