First Trust Advisors LP Buys New Shares in Playa Hotels & Resorts (NASDAQ:PLYA)

First Trust Advisors LP purchased a new stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 396,704 shares of the company’s stock, valued at approximately $5,018,000. First Trust Advisors LP owned approximately 0.33% of Playa Hotels & Resorts as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Long Pond Capital LP raised its holdings in shares of Playa Hotels & Resorts by 16.2% during the 4th quarter. Long Pond Capital LP now owns 7,941,444 shares of the company’s stock valued at $100,459,000 after buying an additional 1,107,983 shares in the last quarter. New South Capital Management Inc. bought a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth approximately $11,374,000. Raymond James Financial Inc. purchased a new stake in shares of Playa Hotels & Resorts in the 4th quarter valued at $5,308,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Playa Hotels & Resorts by 18.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company’s stock valued at $30,796,000 after purchasing an additional 387,270 shares during the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new position in Playa Hotels & Resorts in the 4th quarter worth $3,770,000. Institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Price Performance

PLYA opened at $13.43 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The stock has a market capitalization of $1.65 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. The stock’s 50 day moving average price is $13.35 and its 200-day moving average price is $11.81. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $13.44.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 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 analyst estimates of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. On average, equities research analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Analyst Ratings Changes

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