Playa Hotels & Resorts (NASDAQ:PLYA) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 313.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 81,021 shares of the company’s stock after acquiring an additional 61,431 shares during the period. Bank of New York Mellon Corp’s holdings in Playa Hotels & Resorts were worth $1,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jane Street Group LLC increased its holdings in Playa Hotels & Resorts by 207.8% in the third quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock valued at $649,000 after buying an additional 56,506 shares in the last quarter. Nkcfo LLC purchased a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $696,000. Barclays PLC grew its holdings in shares of Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after acquiring an additional 19,298 shares during the period. FMR LLC increased its stake in 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Playa Hotels & Resorts by 13.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock worth $227,000 after purchasing an additional 3,555 shares during the last quarter. 74.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Playa Hotels & Resorts Price Performance

Shares of NASDAQ:PLYA opened at $13.30 on Tuesday. The business has a fifty day simple moving average of $13.02 and a 200-day simple moving average of $10.72. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.40. The company has a market cap of $1.64 billion, a P/E ratio of 27.71, a P/E/G ratio of 2.44 and a beta of 1.44. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

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

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.