Dimensional Fund Advisors LP Raises Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Dimensional Fund Advisors LP grew its stake in Playa Hotels & Resorts (NASDAQ:PLYA) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,673,429 shares of the company’s stock after acquiring an additional 63,595 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of Playa Hotels & Resorts worth $64,379,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in Playa Hotels & Resorts by 9.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,421,243 shares of the company’s stock worth $46,894,000 after acquiring an additional 461,888 shares in the last quarter. American Century Companies Inc. grew its stake in Playa Hotels & Resorts by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 2,425,296 shares of the company’s stock valued at $20,348,000 after acquiring an additional 264,275 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Playa Hotels & Resorts by 7.3% in the 1st quarter. BNP Paribas Financial Markets now owns 1,081,651 shares of the company’s stock valued at $10,492,000 after acquiring an additional 73,614 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Playa Hotels & Resorts by 17.9% during the 1st quarter. Russell Investments Group Ltd. now owns 71,235 shares of the company’s stock worth $691,000 after purchasing an additional 10,820 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Playa Hotels & Resorts during the 2nd quarter worth about $495,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on PLYA shares. Oppenheimer cut their price target on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Truist Financial decreased their price target on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Citigroup reiterated a “neutral” rating and issued a $8.00 target price (down from $12.00) on shares of Playa Hotels & Resorts in a research note on Tuesday, August 13th. Finally, Macquarie restated an “outperform” rating and set a $14.00 price objective on shares of Playa Hotels & Resorts in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Playa Hotels & Resorts Trading Down 0.5 %

Shares of PLYA opened at $7.80 on Friday. The business’s 50-day moving average price is $7.79 and its 200 day moving average price is $8.48. The stock has a market capitalization of $1.04 billion, a P/E ratio of 16.96, a P/E/G ratio of 0.84 and a beta of 1.62. Playa Hotels & Resorts has a 1-year low of $6.88 and a 1-year high of $9.85. The company has a current ratio of 2.23, a quick ratio of 2.13 and a debt-to-equity ratio of 1.93.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Monday, August 5th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Playa Hotels & Resorts had a return on equity of 11.79% and a net margin of 5.85%. The company had revenue of $235.48 million for the quarter, compared to analysts’ expectations of $228.95 million. During the same quarter in the previous year, the business posted $0.13 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts expect that Playa Hotels & Resorts will post 0.41 earnings per share for the current year.

Playa Hotels & Resorts Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.