Charles Schwab Investment Management Inc. decreased its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 549,658 shares of the company's stock after selling 22,879 shares during the period. Charles Schwab Investment Management Inc. owned about 0.45% of Playa Hotels & Resorts worth $6,953,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its stake in shares of 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 buying an additional 4,342 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Playa Hotels & Resorts by 313.6% in the fourth quarter. Bank of New York Mellon Corp now owns 81,021 shares of the company's stock valued at $1,025,000 after acquiring an additional 61,431 shares during the period. Nkcfo LLC purchased a new position in Playa Hotels & Resorts in the fourth quarter worth about $696,000. Avidian Wealth Enterprises LLC bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at about $126,000. Finally, EMC Capital Management increased its position in shares of Playa Hotels & Resorts by 193.5% during the 4th quarter. EMC Capital Management now owns 24,632 shares of the company's stock valued at $312,000 after purchasing an additional 16,240 shares during the last quarter. Hedge funds and other institutional investors own 74.58% of the company's stock.
Playa Hotels & Resorts Price Performance
Shares of PLYA traded down $0.01 during mid-day trading on Thursday, reaching $13.33. The stock had a trading volume of 6,142,332 shares, compared to its average volume of 1,580,785. The business has a fifty day moving average of $13.06 and a 200 day moving average of $10.78. 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 firm has a market cap of $1.64 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.44 and a beta of 1.44. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.40.
Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business had revenue of $218.94 million during the quarter, compared to analyst estimates of $212.26 million. Equities analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Truist Financial reiterated a "hold" rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Macquarie cut Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of "Hold" and an average price target of $12.10.
Check Out Our Latest Stock Analysis on PLYA
About Playa Hotels & Resorts
(
Free Report)
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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