Playa Hotels & Resorts (NASDAQ:PLYA) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,148,417 shares of the company's stock after selling 64,175 shares during the period. Geode Capital Management LLC owned 0.94% of Playa Hotels & Resorts worth $14,533,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PLYA. Arrowstreet Capital Limited Partnership grew its position in shares of Playa Hotels & Resorts by 18.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock valued at $30,796,000 after purchasing an additional 387,270 shares in the last quarter. Rock Creek Group LP boosted its holdings in Playa Hotels & Resorts by 59.0% in the 4th quarter. Rock Creek Group LP now owns 198,691 shares of the company's stock valued at $2,513,000 after purchasing an additional 73,691 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $226,000. American Century Companies Inc. raised its position in shares of Playa Hotels & Resorts by 8.9% during the 4th quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock valued at $37,705,000 after buying an additional 244,584 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Playa Hotels & Resorts in the fourth quarter worth approximately $5,308,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Stock Down 0.0 %

Shares of NASDAQ:PLYA traded down $0.01 on Thursday, hitting $13.43. 1,789,978 shares of the company's stock were exchanged, compared to its average volume of 4,286,227. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.44. The company has a market capitalization of $1.65 billion, a PE ratio of 27.97, a P/E/G ratio of 2.44 and a beta of 0.91. 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 firm's 50-day moving average is $13.34 and its 200 day moving average is $11.59.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) 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 firm had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. Sell-side analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

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