Swiss National Bank Lowers Stake in Playa Hotels & Resorts (NASDAQ:PLYA)

Swiss National Bank cut its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 165,600 shares of the company’s stock after selling 16,400 shares during the period. Swiss National Bank’s holdings in Playa Hotels & Resorts were worth $2,095,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Jane Street Group LLC increased its position in Playa Hotels & Resorts by 207.8% during the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after purchasing an additional 56,506 shares in the last quarter. Nkcfo LLC purchased a new stake in Playa Hotels & Resorts during the fourth quarter worth approximately $696,000. Barclays PLC increased its position in shares of Playa Hotels & Resorts by 993.7% in the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after acquiring an additional 19,298 shares in the last quarter. FMR LLC raised its stake in shares of 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 acquiring an additional 9,713 shares during the period. Finally, New South Capital Management Inc. acquired a new position in shares of Playa Hotels & Resorts during the 4th quarter valued at $11,374,000. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Stock Down 0.1 %

Shares of Playa Hotels & Resorts stock opened at $13.33 on Friday. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.40. The company has a market capitalization of $1.64 billion, a PE ratio of 27.77, a P/E/G ratio of 2.44 and a beta of 1.44. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The business has a 50-day moving average of $13.07 and a 200-day moving average of $10.80.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share 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 during the quarter, compared to analyst estimates of $212.26 million. As a group, equities analysts forecast that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLYA has been the subject of several recent research reports. Macquarie downgraded 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 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their target price for the company from $15.00 to $13.50 in a report on Tuesday, February 11th. Finally, Oppenheimer cut Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.