Arrowstreet Capital Limited Partnership Acquires 387,270 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 18.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,434,496 shares of the company's stock after buying an additional 387,270 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 2.00% of Playa Hotels & Resorts worth $30,796,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PLYA. Steward Partners Investment Advisory LLC boosted its holdings in shares of Playa Hotels & Resorts by 86.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock valued at $119,000 after acquiring an additional 4,342 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in Playa Hotels & Resorts in the fourth quarter worth approximately $126,000. KLP Kapitalforvaltning AS bought a new stake in Playa Hotels & Resorts in the 4th quarter worth approximately $226,000. Barclays PLC raised its stake in Playa Hotels & Resorts by 993.7% during the 3rd 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 last quarter. Finally, EMC Capital Management lifted its holdings 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 buying an additional 16,240 shares during the period. Hedge funds and other institutional investors own 74.58% of the company's stock.

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Playa Hotels & Resorts Stock Performance

Shares of PLYA stock traded down $0.06 during trading hours on Monday, reaching $13.20. 10,582,744 shares of the company traded hands, compared to its average volume of 1,801,036. The firm has a 50-day moving average price of $13.20 and a 200 day moving average price of $11.12. The company has a market cap of $1.62 billion, a P/E ratio of 27.50, a P/E/G ratio of 2.44 and a beta of 0.91. 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 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 for the quarter, beating the consensus estimate of $0.04 by $0.04. The business 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, sell-side analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLYA. Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Macquarie lowered shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Truist Financial reissued a "hold" rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Finally, Oppenheimer cut shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.