Playa Hotels & Resorts (NASDAQ:PLYA) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lessened its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,410 shares of the company’s stock after selling 2,434 shares during the period. Arizona State Retirement System’s holdings in Playa Hotels & Resorts were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLYA. Steward Partners Investment Advisory LLC raised its holdings in shares of Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock valued at $119,000 after acquiring an additional 4,342 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new position in Playa Hotels & Resorts in the 4th quarter valued at $126,000. Barclays PLC lifted its holdings in Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock valued at $165,000 after purchasing an additional 19,298 shares in the last quarter. EMC Capital Management boosted its stake in Playa Hotels & Resorts by 193.5% during the 4th quarter. EMC Capital Management now owns 24,632 shares of the company’s stock worth $312,000 after purchasing an additional 16,240 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Playa Hotels & Resorts by 59.5% during the third quarter. FMR LLC now owns 26,041 shares of the company’s stock worth $202,000 after buying an additional 9,713 shares in the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PLYA shares. Truist Financial reissued a “hold” rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Oppenheimer downgraded shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Macquarie cut Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft cut 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. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Playa Hotels & Resorts has an average rating of “Hold” and a consensus target price of $12.10.

Playa Hotels & Resorts Stock Performance

NASDAQ:PLYA opened at $13.31 on Friday. The company’s 50-day moving average is $12.91 and its two-hundred day moving average is $10.47. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.40. 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 firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.44 and a beta of 1.44.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $218.94 million for 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%. Analysts forecast that Playa Hotels & Resorts will post 0.56 EPS for the current year.

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.