KLP Kapitalforvaltning AS Invests $226,000 in Playa Hotels & Resorts (NASDAQ:PLYA)

KLP Kapitalforvaltning AS bought a new stake in Playa Hotels & Resorts (NASDAQ:PLYA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,900 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLYA. Steward Partners Investment Advisory LLC boosted its holdings in shares of Playa Hotels & Resorts by 86.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock valued at $119,000 after purchasing an additional 4,342 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new position in shares of Playa Hotels & Resorts in the 4th quarter worth $126,000. Barclays PLC raised its position in shares of Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after buying an additional 19,298 shares during the period. FMR LLC boosted its holdings in Playa Hotels & Resorts by 59.5% in the third quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after acquiring an additional 9,713 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Playa Hotels & Resorts by 13.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock valued at $227,000 after acquiring an additional 3,555 shares during the period. Institutional investors and hedge funds own 74.58% of the company’s stock.

Analyst Upgrades and Downgrades

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

Playa Hotels & Resorts Price Performance

Shares of NASDAQ PLYA opened at $13.20 on Tuesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.40. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 2.44 and a beta of 0.91. The business has a 50-day moving average of $13.20 and a 200-day moving average of $11.12.

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

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.