Rock Creek Group LP Increases Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Rock Creek Group LP boosted its holdings in Playa Hotels & Resorts (NASDAQ:PLYA) by 59.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,691 shares of the company’s stock after purchasing an additional 73,691 shares during the quarter. Playa Hotels & Resorts comprises 0.2% of Rock Creek Group LP’s investment portfolio, making the stock its 23rd largest holding. Rock Creek Group LP’s holdings in Playa Hotels & Resorts were worth $2,513,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. New South Capital Management Inc. purchased a new position in Playa Hotels & Resorts in the 4th quarter valued at $11,374,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Playa Hotels & Resorts in the third quarter valued at about $6,032,000. Raymond James Financial Inc. purchased a new stake in shares of Playa Hotels & Resorts in the fourth quarter valued at about $5,308,000. American Century Companies Inc. increased its stake in shares of Playa Hotels & Resorts by 8.9% during the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company’s stock worth $37,705,000 after acquiring an additional 244,584 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Playa Hotels & Resorts by 313.6% during the fourth quarter. Bank of New York Mellon Corp now owns 81,021 shares of the company’s stock worth $1,025,000 after purchasing an additional 61,431 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

Playa Hotels & Resorts Stock Performance

Shares of PLYA stock opened at $13.33 on Friday. The stock has a market cap of $1.64 billion, a P/E ratio of 27.77, 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 has a fifty-two week low of $6.95 and a fifty-two week high of $13.40. The business has a fifty day simple moving average of $13.09 and a 200-day simple moving average of $10.86.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. On average, analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Playa Hotels & Resorts 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.