Oberweis Asset Management Inc. Sells 67,400 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Oberweis Asset Management Inc. trimmed its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 705,100 shares of the company's stock after selling 67,400 shares during the period. Oberweis Asset Management Inc. owned about 0.58% of Playa Hotels & Resorts worth $8,920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Playa Hotels & Resorts by 5,003.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after acquiring an additional 3,202 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in 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 bought a new stake in Playa Hotels & Resorts in the fourth quarter worth $126,000. Barclays PLC boosted its position in Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company's stock valued at $165,000 after buying an additional 19,298 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Playa Hotels & Resorts during the fourth quarter valued at about $226,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

Analysts Set New Price Targets

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

Playa Hotels & Resorts Trading Up 0.1 %

Shares of Playa Hotels & Resorts stock opened at $13.43 on Thursday. 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 firm has a market cap of $1.65 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.44 and a beta of 0.91. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.44. The business has a 50-day moving average price of $13.34 and a 200-day moving average price of $11.59.

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

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.

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