Playa Hotels & Resorts (NASDAQ:PLYA) Shares Bought by Voss Capital LP

Voss Capital LP boosted its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 54.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,576,824 shares of the company's stock after purchasing an additional 2,320,641 shares during the quarter. Playa Hotels & Resorts comprises 6.2% of Voss Capital LP's holdings, making the stock its 4th biggest position. Voss Capital LP owned 5.41% of Playa Hotels & Resorts worth $83,197,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PLYA. Long Pond Capital LP lifted its stake in Playa Hotels & Resorts by 16.2% in the fourth quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock valued at $100,459,000 after buying an additional 1,107,983 shares during the period. American Century Companies Inc. grew its holdings 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 purchasing an additional 244,584 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Playa Hotels & Resorts by 18.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock valued at $30,796,000 after purchasing an additional 387,270 shares in the last quarter. New South Capital Management Inc. bought a new position in shares of Playa Hotels & Resorts during the fourth quarter worth $11,374,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Playa Hotels & Resorts in the 4th quarter valued at $5,308,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Stock Up 0.1 %

NASDAQ PLYA traded up $0.01 during trading hours on Thursday, hitting $13.44. 2,472,806 shares of the company traded hands, compared to its average volume of 1,936,655. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 2.44 and a beta of 0.91. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.44. The business's 50-day moving average is $13.34 and its 200-day moving average is $11.62. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. The firm 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%. Sell-side analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Analysts Set New Price Targets

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