Rock Creek Group LP Raises Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Rock Creek Group LP boosted its position in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 59.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,691 shares of the company's stock after purchasing an additional 73,691 shares during the period. Playa Hotels & Resorts accounts for about 0.2% of Rock Creek Group LP's portfolio, making the stock its 23rd biggest holding. Rock Creek Group LP owned about 0.16% of Playa Hotels & Resorts worth $2,513,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Playa Hotels & Resorts by 59.5% in the 3rd quarter. FMR LLC now owns 26,041 shares of the company's stock valued at $202,000 after purchasing an additional 9,713 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Playa Hotels & Resorts by 13.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company's stock worth $227,000 after acquiring an additional 3,555 shares in the last quarter. PDT Partners LLC grew its stake in Playa Hotels & Resorts by 3.1% during the third quarter. PDT Partners LLC now owns 115,065 shares of the company's stock worth $892,000 after purchasing an additional 3,502 shares during the period. Maverick Capital Ltd. increased its holdings in Playa Hotels & Resorts by 24.5% in the third quarter. Maverick Capital Ltd. now owns 207,357 shares of the company's stock worth $1,607,000 after purchasing an additional 40,821 shares in the last quarter. Finally, Paloma Partners Management Co increased its stake in shares of Playa Hotels & Resorts by 296.4% in the 3rd quarter. Paloma Partners Management Co now owns 46,253 shares of the company's stock valued at $358,000 after acquiring an additional 34,586 shares in the last quarter. Institutional investors own 74.58% of the company's stock.

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Analysts Set New Price Targets

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

Playa Hotels & Resorts Price Performance

Shares of NASDAQ:PLYA remained flat at $13.34 on Thursday. The company's stock had a trading volume of 1,101,783 shares, compared to its average volume of 1,716,086. The firm's 50-day moving average price is $13.14 and its 200-day moving average price is $10.98. Playa Hotels & Resorts has a 1 year low of $6.95 and a 1 year high of $13.40. 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 stock has a market cap of $1.64 billion, a P/E ratio of 27.79, a PEG ratio of 2.44 and a beta of 1.44.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.04. The business had revenue of $218.94 million for the quarter, compared to analysts' expectations of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. On average, equities research analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share 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.