LSV Asset Management Has $17.62 Million Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

LSV Asset Management lessened its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,392,600 shares of the company's stock after selling 151,600 shares during the period. LSV Asset Management owned 1.15% of Playa Hotels & Resorts worth $17,616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC grew its stake in Playa Hotels & Resorts by 59.5% during the 3rd quarter. FMR LLC now owns 26,041 shares of the company's stock worth $202,000 after buying an additional 9,713 shares during the last quarter. Jane Street Group LLC increased its holdings 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 worth $649,000 after acquiring an additional 56,506 shares during the period. Y Intercept Hong Kong Ltd lifted its position in Playa Hotels & Resorts by 85.7% in the 3rd 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 during the last quarter. Barclays PLC grew its position in Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company's stock worth $165,000 after purchasing an additional 19,298 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised 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 valued at $447,000 after buying an additional 1,664 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company's stock.

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Playa Hotels & Resorts Trading Up 0.2 %

PLYA traded up $0.03 during trading on Tuesday, reaching $13.42. The company had a trading volume of 3,402,092 shares, compared to its average volume of 1,865,555. The firm's 50-day simple moving average is $13.32 and its 200 day simple moving average is $11.38. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 27.96, a PEG 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. Playa Hotels & Resorts has a 12-month low of $6.95 and a 12-month high of $13.43.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its quarterly 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 firm 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%. Equities research analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

PLYA has been the subject of a number of analyst reports. Macquarie lowered Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Truist Financial reissued a "hold" rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the stock from $15.00 to $13.50 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 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.