Renaissance Group LLC Sells 11,329 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Renaissance Group LLC lowered its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 3.3% during the fourth quarter, HoldingsChannel reports. The fund owned 331,573 shares of the company’s stock after selling 11,329 shares during the quarter. Renaissance Group LLC’s holdings in Playa Hotels & Resorts were worth $4,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. New South Capital Management Inc. acquired a new position in shares of Playa Hotels & Resorts during the fourth quarter valued at about $11,374,000. Raymond James Financial Inc. acquired a new position in Playa Hotels & Resorts in the 4th quarter valued at approximately $5,308,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Playa Hotels & Resorts by 18.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company’s stock worth $30,796,000 after acquiring an additional 387,270 shares during the period. Cinctive Capital Management LP acquired a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $3,256,000. Finally, American Century Companies Inc. increased its position in shares of Playa Hotels & Resorts by 8.9% during the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company’s stock valued at $37,705,000 after purchasing an additional 244,584 shares during the period. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Playa Hotels & Resorts Stock Performance

NASDAQ PLYA opened at $13.31 on Wednesday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.44 and a beta of 0.91. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.40. The company has a 50 day moving average of $13.24 and a 200-day moving average of $11.17.

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, beating the consensus estimate of $0.04 by $0.04. The firm 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%. On average, equities analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share 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.