Vanguard Group Inc. Trims Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Vanguard Group Inc. lessened its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,234,649 shares of the company's stock after selling 147,154 shares during the quarter. Vanguard Group Inc. owned 1.84% of Playa Hotels & Resorts worth $28,268,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at about $226,000. American Century Companies Inc. grew its position in Playa Hotels & Resorts by 8.9% during the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock valued at $37,705,000 after buying an additional 244,584 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth $5,308,000. New South Capital Management Inc. bought a new position in Playa Hotels & Resorts in the 4th quarter worth $11,374,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock valued at $119,000 after purchasing an additional 4,342 shares in the last quarter. Institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Trading Down 0.1 %

Shares of Playa Hotels & Resorts stock traded down $0.01 during trading on Friday, hitting $13.41. The stock had a trading volume of 807,852 shares, compared to its average volume of 1,885,211. The stock has a market cap of $1.65 billion, a PE ratio of 27.94, a PEG ratio of 2.44 and a beta of 0.91. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.43. The firm's fifty day simple moving average is $13.33 and its 200-day simple moving average is $11.50. 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 released its 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. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The firm had revenue of $218.94 million for the quarter, compared to analysts' expectations of $212.26 million. As a group, sell-side analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Playa Hotels & Resorts

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.