Charles Schwab Investment Management Inc. Has $6.95 Million Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Charles Schwab Investment Management Inc. reduced its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 4.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 549,658 shares of the company’s stock after selling 22,879 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Playa Hotels & Resorts were worth $6,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Playa Hotels & Resorts in the third quarter worth approximately $6,032,000. De Lisle Partners LLP lifted its position in shares of Playa Hotels & Resorts by 14.9% during the third quarter. De Lisle Partners LLP now owns 229,150 shares of the company’s stock worth $1,777,000 after acquiring an additional 29,700 shares in the last quarter. Maverick Capital Ltd. lifted its position in shares of Playa Hotels & Resorts by 24.5% during the third quarter. Maverick Capital Ltd. now owns 207,357 shares of the company’s stock worth $1,607,000 after acquiring an additional 40,821 shares in the last quarter. PDT Partners LLC lifted its position in shares of 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 acquiring an additional 3,502 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Playa Hotels & Resorts by 207.8% during the third quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after acquiring an additional 56,506 shares in the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Stock Up 0.2 %

Shares of PLYA stock opened at $13.33 on Monday. The stock has a market cap of $1.64 billion, a P/E ratio of 27.77, a PEG ratio of 2.44 and a beta of 1.44. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week 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 company’s fifty day simple moving average is $13.00 and its two-hundred day simple moving average is $10.68.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data 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 business had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. Analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Playa Hotels & Resorts Company 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.