Knights of Columbus Asset Advisors LLC trimmed its holdings in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 169,044 shares of the company's stock after selling 66,989 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.14% of Playa Hotels & Resorts worth $2,138,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of PLYA. New South Capital Management Inc. purchased a new position in shares of Playa Hotels & Resorts during the fourth quarter worth approximately $11,374,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Playa Hotels & Resorts during the 3rd quarter worth $6,032,000. Raymond James Financial Inc. purchased a new position in Playa Hotels & Resorts during the 4th quarter worth $5,308,000. American Century Companies Inc. raised its position in Playa Hotels & Resorts by 8.9% during the 4th quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock valued at $37,705,000 after purchasing an additional 244,584 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Playa Hotels & Resorts by 313.6% in the 4th quarter. Bank of New York Mellon Corp now owns 81,021 shares of the company's stock worth $1,025,000 after buying an additional 61,431 shares during the period. 74.58% of the stock is owned by institutional investors.
Playa Hotels & Resorts Stock Down 0.1 %
Shares of Playa Hotels & Resorts stock traded down $0.01 during trading on Thursday, reaching $13.33. The company's stock had a trading volume of 6,142,332 shares, compared to its average volume of 1,580,785. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.40. The company has a 50-day simple moving average of $13.06 and a two-hundred day simple moving average of $10.78. 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 company has a market cap of $1.64 billion, a price-to-earnings ratio of 27.77, a P/E/G 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 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $212.26 million. As a group, equities analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Oppenheimer lowered 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 issued a $13.00 price target on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Macquarie cut Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Playa Hotels & Resorts currently has an average rating of "Hold" and a consensus price target of $12.10.
Read Our Latest Research Report on PLYA
Playa Hotels & Resorts Profile
(
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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