Cinctive Capital Management LP Makes New Investment in Playa Hotels & Resorts (NASDAQ:PLYA)

Cinctive Capital Management LP acquired a new stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 257,369 shares of the company's stock, valued at approximately $3,256,000. Cinctive Capital Management LP owned about 0.21% of Playa Hotels & Resorts as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PLYA. Steward Partners Investment Advisory LLC lifted its stake in Playa Hotels & Resorts by 86.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock valued at $119,000 after buying 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 valued at $126,000. Barclays PLC lifted its position in shares of Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company's stock valued at $165,000 after acquiring an additional 19,298 shares during the period. FMR LLC boosted 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 acquiring an additional 9,713 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Playa Hotels & Resorts during the fourth quarter worth $226,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Stock Up 0.9 %

NASDAQ PLYA traded up $0.13 during trading hours on Tuesday, hitting $13.33. The company's stock had a trading volume of 984,800 shares, compared to its average volume of 1,797,874. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The company's 50-day simple moving average is $13.20 and its two-hundred day simple moving average is $11.12. The company has a market capitalization of $1.64 billion, a PE ratio of 27.76, a price-to-earnings-growth 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 $13.40.

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, beating analysts' consensus estimates 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 company had revenue of $218.94 million for the quarter, compared to analyst estimates of $212.26 million. Research analysts anticipate that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

PLYA has been the topic of several research reports. Oppenheimer lowered shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Macquarie downgraded Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Truist Financial reissued a "hold" rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the stock 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, According to data from MarketBeat.com, Playa Hotels & Resorts currently has an average 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.