New South Capital Management Inc. Makes New Investment in Playa Hotels & Resorts (NASDAQ:PLYA)

New South Capital Management Inc. bought a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 899,140 shares of the company's stock, valued at approximately $11,374,000. New South Capital Management Inc. owned 0.74% of Playa Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC bought a new position in Playa Hotels & Resorts in the third quarter worth approximately $6,032,000. King Luther Capital Management Corp lifted its holdings in shares of Playa Hotels & Resorts by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 429,200 shares of the company's stock worth $3,326,000 after buying an additional 5,154 shares during the period. De Lisle Partners LLP grew its position in shares of Playa Hotels & Resorts by 14.9% during the 3rd quarter. De Lisle Partners LLP now owns 229,150 shares of the company's stock worth $1,777,000 after buying an additional 29,700 shares in the last quarter. Maverick Capital Ltd. increased its stake in shares of Playa Hotels & Resorts by 24.5% during the third quarter. Maverick Capital Ltd. now owns 207,357 shares of the company's stock valued at $1,607,000 after buying an additional 40,821 shares during the period. Finally, PDT Partners LLC increased its stake in shares of Playa Hotels & Resorts by 3.1% during the third quarter. PDT Partners LLC now owns 115,065 shares of the company's stock valued at $892,000 after buying an additional 3,502 shares during the period. Institutional investors own 74.58% of the company's stock.

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Playa Hotels & Resorts Stock Performance

Shares of NASDAQ:PLYA remained flat at $13.33 during trading on Friday. 1,524,354 shares of the stock were exchanged, compared to its average volume of 3,625,901. The stock has a 50 day moving average of $12.83 and a 200-day moving average of $10.27. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.40. The firm has a market cap of $1.64 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.44 and a beta of 1.44.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced 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 during 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%. Equities research analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on PLYA. Oppenheimer lowered shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Macquarie cut 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 lowered shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the company from $15.00 to $13.50 in a report on Tuesday, February 11th. Finally, 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. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.10.

Playa Hotels & Resorts 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.