Cooper Creek Partners Management LLC Sells 452,725 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Cooper Creek Partners Management LLC trimmed its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,607,055 shares of the company's stock after selling 452,725 shares during the quarter. Playa Hotels & Resorts accounts for 1.4% of Cooper Creek Partners Management LLC's portfolio, making the stock its 22nd largest position. Cooper Creek Partners Management LLC owned approximately 2.97% of Playa Hotels & Resorts worth $45,629,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. FMR LLC boosted 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 buying an additional 9,713 shares during the period. Jane Street Group LLC raised its stake in shares of Playa Hotels & Resorts by 207.8% in the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company's stock valued at $649,000 after purchasing an additional 56,506 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in shares of Playa Hotels & Resorts by 85.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 54,594 shares of the company's stock valued at $423,000 after purchasing an additional 25,192 shares in the last quarter. Barclays PLC boosted its position 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 worth $165,000 after buying an additional 19,298 shares during the period. Finally, SkyView Investment Advisors LLC grew its holdings in shares of Playa Hotels & Resorts by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company's stock worth $447,000 after buying an additional 1,664 shares in the last quarter. Institutional investors own 74.58% of the company's stock.

Wall Street Analyst Weigh In

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

Playa Hotels & Resorts Stock Performance

PLYA traded down $0.01 during trading hours on Friday, reaching $13.41. The company's stock had a trading volume of 807,852 shares, compared to its average volume of 1,874,720. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The company's 50-day moving average is $13.33 and its 200-day moving average is $11.43. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.43. The firm has a market cap of $1.65 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $218.94 million during the quarter, compared to analysts' expectations of $212.26 million. On average, equities analysts forecast that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Playa Hotels & Resorts Company 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.