LSV Asset Management Cuts Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

LSV Asset Management reduced its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,945,100 shares of the company’s stock after selling 111,300 shares during the quarter. LSV Asset Management owned 1.43% of Playa Hotels & Resorts worth $16,825,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its stake in shares of Playa Hotels & Resorts by 12.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 236,572 shares of the company’s stock worth $1,713,000 after buying an additional 26,458 shares during the period. Jump Financial LLC increased its position in shares of Playa Hotels & Resorts by 237.4% in the third quarter. Jump Financial LLC now owns 51,700 shares of the company’s stock valued at $374,000 after acquiring an additional 36,379 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Playa Hotels & Resorts during the third quarter valued at about $76,000. CenterBook Partners LP purchased a new stake in shares of Playa Hotels & Resorts during the third quarter worth about $98,000. Finally, Dark Forest Capital Management LP lifted its holdings in Playa Hotels & Resorts by 67.5% in the 3rd quarter. Dark Forest Capital Management LP now owns 117,958 shares of the company’s stock worth $854,000 after buying an additional 47,528 shares during the period. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Insider Buying and Selling at Playa Hotels & Resorts

In other news, CAO Brandon B. Buhler sold 35,915 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $9.04, for a total value of $324,671.60. Following the sale, the chief accounting officer now directly owns 102,598 shares of the company’s stock, valued at $927,485.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Playa Hotels & Resorts news, CAO Brandon B. Buhler sold 35,915 shares of Playa Hotels & Resorts stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total value of $324,671.60. Following the completion of the transaction, the chief accounting officer now directly owns 102,598 shares of the company’s stock, valued at $927,485.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karl Mr. Peterson sold 5,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $24,228,136.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,915 shares of company stock worth $604,222. 7.60% of the stock is owned by insiders.

Playa Hotels & Resorts Stock Up 1.5 %

Shares of Playa Hotels & Resorts stock opened at $9.43 on Tuesday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 6.89 and a beta of 1.54. 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. The company has a 50-day moving average of $9.37 and a 200 day moving average of $8.50.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Monday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.06. The firm had revenue of $300.64 million during the quarter, compared to analyst estimates of $273.77 million. Playa Hotels & Resorts had a net margin of 5.51% and a return on equity of 10.67%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. As a group, sell-side analysts anticipate that Playa Hotels & Resorts will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Playa Hotels & Resorts Company 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.