Legal & General Group Plc Sells 19,865 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Legal & General Group Plc lowered its stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,600 shares of the company's stock after selling 19,865 shares during the period. Legal & General Group Plc owned approximately 0.07% of Playa Hotels & Resorts worth $1,095,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New South Capital Management Inc. bought a new position in shares of Playa Hotels & Resorts in the 4th quarter worth about $11,374,000. Raymond James Financial Inc. bought a new stake in shares of Playa Hotels & Resorts during the fourth quarter valued at approximately $5,308,000. Arrowstreet Capital Limited Partnership boosted its stake in Playa Hotels & Resorts by 18.9% during the 4th 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 during the last quarter. Cinctive Capital Management LP purchased a new position in shares of Playa Hotels & Resorts in the fourth quarter worth $3,256,000. Finally, American Century Companies Inc. lifted its holdings in shares of Playa Hotels & Resorts by 8.9% during the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock valued at $37,705,000 after purchasing an additional 244,584 shares in the last quarter. Institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Stock Performance

Playa Hotels & Resorts stock traded down $0.02 during trading on Monday, reaching $13.41. The company had a trading volume of 3,661,838 shares, compared to its average volume of 1,962,505. 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 firm's 50-day simple moving average is $13.34 and its 200 day simple moving average is $11.75. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 27.94, 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 $13.44.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. Sell-side analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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