Nkcfo LLC Invests $696,000 in Playa Hotels & Resorts (NASDAQ:PLYA)

Nkcfo LLC acquired a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 55,000 shares of the company's stock, valued at approximately $696,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLYA. MQS Management LLC bought a new stake in shares of Playa Hotels & Resorts in the 3rd quarter worth approximately $689,000. Jane Street Group LLC boosted its holdings in Playa Hotels & Resorts by 207.8% in the third 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 in the last quarter. FMR LLC boosted its holdings in Playa Hotels & Resorts by 59.5% in the third quarter. FMR LLC now owns 26,041 shares of the company's stock worth $202,000 after acquiring an additional 9,713 shares in the last quarter. Barclays PLC grew 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 acquiring an additional 19,298 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Playa Hotels & Resorts by 13.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company's stock valued at $227,000 after acquiring an additional 3,555 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Oppenheimer cut shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their target price for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Truist Financial reissued a "hold" rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Finally, Macquarie cut Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.10.

Playa Hotels & Resorts Stock Performance

Shares of PLYA traded up $0.02 during mid-day trading on Wednesday, hitting $13.34. 1,116,570 shares of the company traded hands, compared to its average volume of 3,714,860. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 2.45 and a beta of 1.54. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The stock has a 50-day moving average price of $12.18 and a two-hundred day moving average price of $9.75. Playa Hotels & Resorts has a 1 year low of $6.95 and a 1 year high of $13.38.

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.