Raymond James Financial Inc. Takes $5.31 Million Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Raymond James Financial Inc. purchased a new stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 419,622 shares of the company's stock, valued at approximately $5,308,000. Raymond James Financial Inc. owned 0.35% of Playa Hotels & Resorts at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. New South Capital Management Inc. bought a new stake in Playa Hotels & Resorts during the fourth quarter valued at $11,374,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Playa Hotels & Resorts during the 3rd quarter valued at about $6,032,000. De Lisle Partners LLP increased its position 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 purchasing an additional 29,700 shares during the last quarter. Maverick Capital Ltd. raised its stake in Playa Hotels & Resorts by 24.5% in the third quarter. Maverick Capital Ltd. now owns 207,357 shares of the company's stock valued at $1,607,000 after purchasing an additional 40,821 shares in the last quarter. Finally, PDT Partners LLC lifted its position in Playa Hotels & Resorts by 3.1% during the third quarter. PDT Partners LLC now owns 115,065 shares of the company's stock valued at $892,000 after purchasing an additional 3,502 shares during the last quarter. 74.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on PLYA. Oppenheimer cut Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Truist Financial reissued a "hold" rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Macquarie lowered Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and reduced 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, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.10.

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Playa Hotels & Resorts Price Performance

Shares of NASDAQ PLYA remained flat at $13.33 during midday trading on Friday. The stock had a trading volume of 1,107,044 shares, compared to its average volume of 1,700,594. The company has a market cap of $1.64 billion, a PE ratio of 27.77, a PEG ratio of 2.44 and a beta of 1.44. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.40. The company's 50 day simple moving average is $13.09 and its two-hundred day simple moving average is $10.86. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24.

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, beating the consensus estimate of $0.04 by $0.04. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The firm had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. As a group, equities research analysts expect that Playa Hotels & Resorts will post 0.56 EPS 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.