Knightsbridge Asset Management LLC Takes Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Knightsbridge Asset Management LLC purchased a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 62,381 shares of the company's stock, valued at approximately $789,000. Knightsbridge Asset Management LLC owned 0.05% of Playa Hotels & Resorts as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PLYA. Voss Capital LP increased its holdings in shares of Playa Hotels & Resorts by 54.5% in the fourth quarter. Voss Capital LP now owns 6,576,824 shares of the company's stock valued at $83,197,000 after purchasing an additional 2,320,641 shares during the period. Long Pond Capital LP increased its holdings in shares of Playa Hotels & Resorts by 16.2% in the fourth quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock valued at $100,459,000 after purchasing an additional 1,107,983 shares during the period. New South Capital Management Inc. acquired a new position in shares of Playa Hotels & Resorts in the fourth quarter valued at approximately $11,374,000. Raymond James Financial Inc. acquired a new position in shares of Playa Hotels & Resorts in the fourth quarter valued at approximately $5,308,000. Finally, First Trust Advisors LP acquired a new position in shares of Playa Hotels & Resorts in the fourth quarter valued at approximately $5,018,000. Institutional investors and hedge funds own 74.58% of the company's stock.

Playa Hotels & Resorts Price Performance

Playa Hotels & Resorts stock traded down $0.02 during trading hours on Monday, hitting $13.41. The stock had a trading volume of 3,661,838 shares, compared to its average volume of 1,962,505. 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 stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 2.44 and a beta of 0.91. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.44. The stock's fifty day moving average is $13.34 and its two-hundred day moving average is $11.75.

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 the consensus estimate of $0.04 by $0.04. The company had revenue of $218.94 million for the quarter, compared to analyst estimates of $212.26 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. As a group, analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLYA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Oppenheimer lowered Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Macquarie lowered Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a 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 report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.10.

About Playa Hotels & Resorts

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.