Jane Street Group LLC Has $725,000 Stake in Playa Hotels & Resorts (NASDAQ:PLYA)

Jane Street Group LLC trimmed its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 31.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,282 shares of the company’s stock after selling 26,421 shares during the quarter. Jane Street Group LLC’s holdings in Playa Hotels & Resorts were worth $725,000 at the end of the most recent quarter.

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

Playa Hotels & Resorts Stock Up 0.1%

PLYA stock opened at $13.45 on Monday. 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 52-week low of $6.95 and a 52-week high of $13.45. The company has a 50-day moving average of $13.39 and a two-hundred day moving average of $12.38. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Monday, May 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $262.24 million. During the same quarter in the previous year, the business posted $0.40 EPS. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. As a group, equities research analysts anticipate that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Analysts Set New Price Targets

PLYA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their target price for the stock from $15.00 to $13.50 in a research report on Tuesday, February 11th. Macquarie restated a “neutral” rating and set a $13.50 price target on shares of Playa Hotels & Resorts in a report on Tuesday, May 6th. Finally, Oppenheimer cut shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.00.

Playa Hotels & Resorts Profile

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.