Northern Trust Corp Increases Stake in Playa Hotels & Resorts (NASDAQ:PLYA)

Northern Trust Corp grew its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 248,219 shares of the company’s stock after buying an additional 24,792 shares during the quarter. Northern Trust Corp owned 0.20% of Playa Hotels & Resorts worth $3,140,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Nkcfo LLC acquired a new position in shares of Playa Hotels & Resorts during the 4th quarter worth $696,000. Barclays PLC lifted its holdings in shares of Playa Hotels & Resorts by 383.9% during the 4th quarter. Barclays PLC now owns 102,785 shares of the company’s stock worth $1,300,000 after acquiring an additional 81,545 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Playa Hotels & Resorts during the 4th quarter worth about $5,308,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Playa Hotels & Resorts by 18.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company’s stock worth $30,796,000 after acquiring an additional 387,270 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Playa Hotels & Resorts by 313.6% in the fourth quarter. Bank of New York Mellon Corp now owns 81,021 shares of the company’s stock valued at $1,025,000 after buying an additional 61,431 shares during the period. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Stock Performance

PLYA stock opened at $13.45 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 2.44 and a beta of 0.67. Playa Hotels & Resorts has a 1 year low of $6.95 and a 1 year high of $13.45. The stock’s fifty day moving average is $13.39 and its two-hundred day moving average is $12.34.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. The company had revenue of $267.29 million for the quarter, compared to the consensus estimate of $262.24 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Playa Hotels & Resorts’s revenue for the quarter was down 11.1% compared to the same quarter last year. On average, research analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Macquarie restated a “neutral” rating and issued a $13.50 price target on shares of Playa Hotels & Resorts in a report on Tuesday, May 6th. Oppenheimer downgraded shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price objective for the stock 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 data from MarketBeat, Playa Hotels & Resorts currently has a consensus rating of “Hold” and an average price target of $12.00.

About Playa Hotels & Resorts

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm operates through the following geographical segments: 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.