Quinn Opportunity Partners LLC Makes New $3.77 Million Investment in Playa Hotels & Resorts (NASDAQ:PLYA)

Quinn Opportunity Partners LLC acquired a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 298,024 shares of the company's stock, valued at approximately $3,770,000. Quinn Opportunity Partners LLC owned 0.25% of Playa Hotels & Resorts at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its stake in 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 purchasing an additional 9,713 shares during the period. Centiva Capital LP raised its position in shares of Playa Hotels & Resorts by 116.7% in the 3rd quarter. Centiva Capital LP now owns 30,602 shares of the company's stock worth $237,000 after buying an additional 16,479 shares during the period. Jane Street Group LLC boosted its holdings in Playa Hotels & Resorts by 207.8% in the third quarter. Jane Street Group LLC now owns 83,703 shares of the company's stock valued at $649,000 after acquiring an additional 56,506 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in Playa Hotels & Resorts by 85.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 54,594 shares of the company's stock valued at $423,000 after acquiring an additional 25,192 shares during the period. Finally, Barclays PLC increased 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 acquiring an additional 19,298 shares during the last quarter. 74.58% of the stock is owned by institutional investors and hedge funds.

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Playa Hotels & Resorts Stock Up 0.2 %

Shares of Playa Hotels & Resorts stock traded up $0.03 on Tuesday, hitting $13.42. 3,402,092 shares of the company's stock traded hands, compared to its average volume of 1,859,920. 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's 50-day moving average is $13.31 and its 200 day moving average is $11.36. The stock has a market cap of $1.65 billion, a P/E ratio of 27.96, a PEG ratio of 2.44 and a beta of 0.91. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $13.43.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. The company had revenue of $218.94 million during 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%. Equities analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

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