Playa Hotels & Resorts (NASDAQ:PLYA) Shares Bought by Long Pond Capital LP

Long Pond Capital LP raised its position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,941,444 shares of the company's stock after purchasing an additional 1,107,983 shares during the period. Playa Hotels & Resorts comprises about 5.1% of Long Pond Capital LP's investment portfolio, making the stock its 7th largest position. Long Pond Capital LP owned about 6.53% of Playa Hotels & Resorts worth $100,459,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Playa Hotels & Resorts by 86.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock worth $119,000 after purchasing an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in Playa Hotels & Resorts during the 4th quarter valued at approximately $126,000. Barclays PLC increased its stake in shares of Playa Hotels & Resorts by 993.7% in 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 last quarter. FMR LLC raised its stake in shares of Playa Hotels & Resorts by 59.5% in the 3rd quarter. FMR LLC now owns 26,041 shares of the company's stock valued at $202,000 after purchasing 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. Institutional investors and hedge funds own 74.58% of the company's stock.

Playa Hotels & Resorts Price Performance

Shares of Playa Hotels & Resorts stock traded up $0.02 during mid-day trading on Tuesday, reaching $13.41. 3,749,486 shares of the stock were exchanged, compared to its average volume of 1,893,368. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.50. 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 has a 50-day simple moving average of $13.34 and a 200 day simple moving average of $11.56.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its quarterly 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. The business had revenue of $218.94 million during the quarter, compared to analyst estimates of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. On average, sell-side analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

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