Playa Hotels & Resorts (NASDAQ:PLYA) Shares Purchased by Aristides Capital LLC

Aristides Capital LLC grew its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,943 shares of the company’s stock after purchasing an additional 1,739 shares during the period. Aristides Capital LLC’s holdings in Playa Hotels & Resorts were worth $260,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Gladius Capital Management LP purchased a new stake in shares of Playa Hotels & Resorts during the 2nd quarter worth $61,000. Quarry LP boosted its holdings in Playa Hotels & Resorts by 141.3% during the second quarter. Quarry LP now owns 8,686 shares of the company’s stock worth $73,000 after buying an additional 5,087 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Playa Hotels & Resorts during the second quarter worth about $88,000. Lazard Asset Management LLC purchased a new position in Playa Hotels & Resorts in the first quarter valued at about $95,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Playa Hotels & Resorts during the 1st quarter valued at approximately $98,000. 74.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Playa Hotels & Resorts Price Performance

NASDAQ:PLYA opened at $7.75 on Tuesday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 0.85 and a beta of 1.62. Playa Hotels & Resorts has a 12-month low of $6.88 and a 12-month 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. The company’s 50-day moving average is $7.77 and its two-hundred day moving average is $8.45.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Monday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $235.48 million for the quarter, compared to analyst estimates of $228.95 million. Playa Hotels & Resorts had a net margin of 5.85% and a return on equity of 11.79%. Playa Hotels & Resorts’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. Research analysts expect that Playa Hotels & Resorts will post 0.41 EPS for the current year.

Playa Hotels & Resorts Company 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.