Peak6 LLC Makes New $707,000 Investment in Playa Hotels & Resorts (NASDAQ:PLYA)

PEAK6 LLC acquired a new stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 55,877 shares of the company's stock, valued at approximately $707,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its holdings in Playa Hotels & Resorts by 86.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock valued at $119,000 after purchasing an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC bought a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth approximately $126,000. KLP Kapitalforvaltning AS purchased a new position in shares of Playa Hotels & Resorts during the fourth quarter valued at approximately $226,000. Barclays PLC raised its holdings in shares of Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company's stock valued at $165,000 after acquiring an additional 19,298 shares in the last quarter. Finally, EMC Capital Management lifted its stake in Playa Hotels & Resorts by 193.5% in the fourth quarter. EMC Capital Management now owns 24,632 shares of the company's stock worth $312,000 after acquiring an additional 16,240 shares during the period. 74.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on PLYA. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Truist Financial reaffirmed a "hold" rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Macquarie downgraded 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 dropped their price target for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $12.10.

Playa Hotels & Resorts Stock Performance

NASDAQ PLYA traded up $0.01 during trading hours on Thursday, hitting $13.44. The company's stock had a trading volume of 2,472,806 shares, compared to its average volume of 1,936,655. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The company has a market cap of $1.65 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. The company's 50 day simple moving average is $13.34 and its two-hundred day simple moving average is $11.59. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.44.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) 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. As a group, sell-side analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal 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.