Bank of New York Mellon Corp boosted its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 313.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,021 shares of the company's stock after buying an additional 61,431 shares during the quarter. Bank of New York Mellon Corp owned 0.07% of Playa Hotels & Resorts worth $1,025,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLYA. Nkcfo LLC purchased a new stake in Playa Hotels & Resorts during the 4th quarter worth about $696,000. Avidian Wealth Enterprises LLC acquired a new position in shares of Playa Hotels & Resorts during the fourth quarter worth about $126,000. EMC Capital Management increased its stake in shares of Playa Hotels & Resorts by 193.5% during the fourth quarter. EMC Capital Management now owns 24,632 shares of the company's stock worth $312,000 after buying an additional 16,240 shares during the period. SkyView Investment Advisors LLC raised its holdings in Playa Hotels & Resorts by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company's stock valued at $447,000 after acquiring an additional 1,664 shares in the last quarter. Finally, Barclays PLC lifted its stake in 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. Hedge funds and other institutional investors own 74.58% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on PLYA shares. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Macquarie cut Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Truist Financial reaffirmed a "hold" rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the stock 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 data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.10.
Get Our Latest Stock Analysis on Playa Hotels & Resorts
Playa Hotels & Resorts Price Performance
NASDAQ:PLYA remained flat at $13.33 during mid-day trading on Friday. The company had a trading volume of 1,107,044 shares, compared to its average volume of 1,698,131. The firm has a market capitalization of $1.64 billion, a PE ratio of 27.77, a P/E/G 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. The company has a 50-day moving average of $13.07 and a 200 day moving average of $10.80. 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 (NASDAQ:PLYA - Get Free Report) last announced its 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. The business had revenue of $218.94 million for the quarter, compared to analyst estimates 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, research analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current year.
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.
See Also
Before you consider Playa Hotels & Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Playa Hotels & Resorts wasn't on the list.
While Playa Hotels & Resorts currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
