American Century Companies Inc. Acquires 244,584 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

American Century Companies Inc. lifted its position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,980,647 shares of the company's stock after acquiring an additional 244,584 shares during the quarter. American Century Companies Inc. owned approximately 2.45% of Playa Hotels & Resorts worth $37,705,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Playa Hotels & Resorts by 59.5% in the third quarter. FMR LLC now owns 26,041 shares of the company's stock valued at $202,000 after purchasing an additional 9,713 shares in the last quarter. De Lisle Partners LLP increased its holdings in shares of Playa Hotels & Resorts by 14.9% in the 3rd quarter. De Lisle Partners LLP now owns 229,150 shares of the company's stock valued at $1,777,000 after purchasing an additional 29,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Playa Hotels & Resorts by 13.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company's stock worth $227,000 after purchasing an additional 3,555 shares in the last quarter. PDT Partners LLC boosted its holdings in shares of Playa Hotels & Resorts by 3.1% during the third quarter. PDT Partners LLC now owns 115,065 shares of the company's stock worth $892,000 after purchasing an additional 3,502 shares during the period. Finally, Maverick Capital Ltd. grew its position in Playa Hotels & Resorts by 24.5% during 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. Institutional investors and hedge funds own 74.58% of the company's stock.

Playa Hotels & Resorts Stock Up 0.1 %

Shares of NASDAQ:PLYA traded up $0.01 on Tuesday, reaching $13.34. The company had a trading volume of 1,439,354 shares, compared to its average volume of 1,714,970. The stock has a market capitalization of $1.64 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.44 and a beta of 1.44. The stock has a 50-day moving average price of $13.12 and a 200 day moving average price of $10.96. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.40. 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 (NASDAQ:PLYA - Get Free Report) last posted its earnings results 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. 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 analyst estimates of $212.26 million. On average, equities analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

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

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.