Geode Capital Management LLC Sells 64,175 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Geode Capital Management LLC lessened its stake in Playa Hotels & Resorts (NASDAQ:PLYA) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,148,417 shares of the company’s stock after selling 64,175 shares during the period. Geode Capital Management LLC owned about 0.94% of Playa Hotels & Resorts worth $14,533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. American Century Companies Inc. boosted its position in 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 valued at $37,705,000 after acquiring an additional 244,584 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Playa Hotels & Resorts by 18.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company’s stock worth $30,796,000 after purchasing an additional 387,270 shares in the last quarter. New South Capital Management Inc. acquired a new position in Playa Hotels & Resorts in the fourth quarter valued at approximately $11,374,000. Raymond James Financial Inc. bought a new position in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $5,308,000. Finally, Rock Creek Group LP increased its stake in shares of Playa Hotels & Resorts by 59.0% in the 4th quarter. Rock Creek Group LP now owns 198,691 shares of the company’s stock valued at $2,513,000 after acquiring an additional 73,691 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 opened at $13.41 on Monday. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.43. The business’s 50 day moving average price is $13.33 and its 200-day moving average price is $11.52. The stock has a market cap of $1.65 billion, a P/E ratio of 27.94, a P/E/G ratio of 2.44 and a beta of 0.91. 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 (NASDAQ:PLYA) last announced its earnings results on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $218.94 million for 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%. Equities research analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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