MYDA Advisors LLC Reduces Stake in Playa Hotels & Resorts (NASDAQ:PLYA)

MYDA Advisors LLC trimmed its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 66.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 240,000 shares of the company's stock after selling 480,170 shares during the period. MYDA Advisors LLC owned about 0.20% of Playa Hotels & Resorts worth $3,036,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its holdings in shares of Playa Hotels & Resorts by 86.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock worth $119,000 after buying an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC bought a new stake in Playa Hotels & Resorts in the fourth quarter valued at approximately $126,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Playa Hotels & Resorts during the fourth quarter valued at approximately $226,000. Barclays PLC grew its holdings 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 purchasing an additional 19,298 shares during the last quarter. Finally, EMC Capital Management increased its stake in shares of Playa Hotels & Resorts by 193.5% in the fourth quarter. EMC Capital Management now owns 24,632 shares of the company's stock worth $312,000 after buying an additional 16,240 shares during the period. Institutional investors own 74.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Oppenheimer lowered shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a 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. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Finally, Truist Financial reiterated a "hold" rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Playa Hotels & Resorts currently has a consensus rating of "Hold" and an average target price of $12.10.

Playa Hotels & Resorts Stock Up 0.1 %

Shares of NASDAQ PLYA traded up $0.01 during trading on Thursday, reaching $13.44. The company had a trading volume of 2,472,806 shares, compared to its average volume of 1,931,404. The business's 50-day moving average is $13.34 and its 200 day moving average is $11.59. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The stock has a market cap of $1.65 billion, a PE ratio of 28.00, a P/E/G ratio of 2.44 and a beta of 0.91. Playa Hotels & Resorts has a 12-month low of $6.95 and a 12-month high of $13.44.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. The firm had revenue of $218.94 million for the quarter, compared to the consensus estimate of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. As a group, equities analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Playa Hotels & Resorts Company 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.