Playa Hotels & Resorts (NASDAQ:PLYA) Shares Purchased by Rock Creek Group LP

Rock Creek Group LP boosted its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 59.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,691 shares of the company’s stock after acquiring an additional 73,691 shares during the quarter. Playa Hotels & Resorts comprises 0.2% of Rock Creek Group LP’s holdings, making the stock its 23rd largest holding. Rock Creek Group LP owned approximately 0.16% of Playa Hotels & Resorts worth $2,513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its stake in shares of Playa Hotels & Resorts by 86.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock valued at $119,000 after acquiring an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC purchased a new stake in Playa Hotels & Resorts in the fourth quarter valued at approximately $126,000. Barclays PLC lifted its stake in Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after purchasing an additional 19,298 shares in the last quarter. FMR LLC boosted its position in shares of 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 during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Playa Hotels & Resorts during the fourth quarter worth $226,000. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Price Performance

Shares of Playa Hotels & Resorts stock 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. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $13.40. 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. The company has a 50 day moving average of $13.09 and a 200 day moving average of $10.86.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data 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 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, research analysts forecast that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLYA has been the topic of several research reports. Macquarie lowered Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note 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 restated a “hold” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.