HBK Sorce Advisory LLC Has $204,000 Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

HBK Sorce Advisory LLC grew its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,548 shares of the company’s stock after acquiring an additional 1,369 shares during the period. HBK Sorce Advisory LLC’s holdings in Playa Hotels & Resorts were worth $204,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its holdings in shares of Playa Hotels & Resorts by 2,245.5% during the third quarter. UBS Asset Management Americas Inc. now owns 3,031,748 shares of the company’s stock worth $17,645,000 after purchasing an additional 2,902,491 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Playa Hotels & Resorts by 128.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,490,994 shares of the company’s stock worth $38,847,000 after purchasing an additional 2,521,623 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings in shares of Playa Hotels & Resorts by 914.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 2,090,616 shares of the company’s stock worth $13,652,000 after purchasing an additional 1,884,616 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Playa Hotels & Resorts by 41.2% during the first quarter. Dimensional Fund Advisors LP now owns 6,122,187 shares of the company’s stock worth $58,772,000 after purchasing an additional 1,785,509 shares during the period. Finally, HG Vora Capital Management LLC increased its holdings in shares of Playa Hotels & Resorts by 13.6% during the third quarter. HG Vora Capital Management LLC now owns 12,500,000 shares of the company’s stock worth $90,500,000 after purchasing an additional 1,500,000 shares during the period. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Truist Financial lifted their price objective on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th.

Playa Hotels & Resorts Stock Performance

Shares of NASDAQ:PLYA opened at $9.26 on Friday. The company’s 50 day simple moving average is $9.24 and its 200 day simple moving average is $8.26. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 7.03 and a beta of 1.53. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.00 and a quick ratio of 1.91. Playa Hotels & Resorts has a 1 year low of $6.88 and a 1 year high of $9.84.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $242.52 million for the quarter, compared to analysts’ expectations of $221.68 million. Playa Hotels & Resorts had a net margin of 5.51% and a return on equity of 10.67%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. As a group, research analysts predict that Playa Hotels & Resorts will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $9.58, for a total transaction of $47,900.00. Following the sale, the director now owns 2,529,033 shares of the company’s stock, valued at $24,228,136.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Ryan Paul Hymel sold 104,425 shares of Playa Hotels & Resorts stock in a transaction on Friday, January 19th. The shares were sold at an average price of $8.04, for a total transaction of $839,577.00. Following the transaction, the chief financial officer now owns 698,146 shares in the company, valued at $5,613,093.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Karl Mr. Peterson sold 5,000 shares of Playa Hotels & Resorts stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total transaction of $47,900.00. Following the transaction, the director now owns 2,529,033 shares in the company, valued at approximately $24,228,136.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 352,999 shares of company stock valued at $2,912,377. 7.60% of the stock is currently owned by insiders.

Playa Hotels & Resorts 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.