Tudor Investment Corp Et Al Buys Shares of 38,892 Playa Hotels & Resorts (NASDAQ:PLYA)

Tudor Investment Corp Et Al bought a new stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) in the 4th quarter, HoldingsChannel reports. The fund bought 38,892 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Playa Hotels & Resorts by 15.7% during the third quarter. BlackRock Inc. now owns 1,694,436 shares of the company’s stock valued at $7,100,000 after purchasing an additional 230,082 shares during the last quarter. Hawk Ridge Capital Management LP bought a new position in shares of Playa Hotels & Resorts during the fourth quarter worth about $3,124,000. Wells Fargo & Company MN grew its position in shares of Playa Hotels & Resorts by 52.9% during the fourth quarter. Wells Fargo & Company MN now owns 929,321 shares of the company’s stock worth $5,529,000 after acquiring an additional 321,395 shares during the last quarter. Arizona State Retirement System grew its position in shares of Playa Hotels & Resorts by 24.9% during the fourth quarter. Arizona State Retirement System now owns 19,501 shares of the company’s stock worth $116,000 after acquiring an additional 3,893 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Playa Hotels & Resorts by 38,847.1% during the third quarter. JPMorgan Chase & Co. now owns 13,242 shares of the company’s stock worth $58,000 after acquiring an additional 13,208 shares during the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

In other Playa Hotels & Resorts news, CAO Brandon B. Buhler sold 22,320 shares of the company’s stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $7.39, for a total value of $164,944.80. Following the completion of the sale, the chief accounting officer now directly owns 92,502 shares of the company’s stock, valued at approximately $683,589.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.09% of the stock is currently owned by corporate insiders.

PLYA stock opened at $7.31 on Thursday. The company has a market capitalization of $1.20 billion, a P/E ratio of -4.69 and a beta of 2.22. The company has a 50-day simple moving average of $7.30 and a 200 day simple moving average of $5.57. Playa Hotels & Resorts has a fifty-two week low of $1.62 and a fifty-two week high of $8.35. The company has a quick ratio of 2.31, a current ratio of 2.42 and a debt-to-equity ratio of 1.97.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings data on Friday, March 5th. The company reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.03. Playa Hotels & Resorts had a negative net margin of 58.88% and a negative return on equity of 19.90%. The business had revenue of $66.20 million during the quarter, compared to the consensus estimate of $56.31 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was down 54.0% compared to the same quarter last year. Equities analysts anticipate that Playa Hotels & Resorts will post -1.47 EPS for the current year.

Several equities analysts have recently commented on PLYA shares. Zacks Investment Research lowered shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, February 19th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Playa Hotels & Resorts from a “sell” rating to a “neutral” rating and upped their price target for the stock from $3.00 to $5.25 in a research report on Tuesday, December 15th. Macquarie upped their price target on shares of Playa Hotels & Resorts from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, January 11th. Smith Barney Citigroup upgraded shares of Playa Hotels & Resorts from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 15th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Playa Hotels & Resorts in a report on Saturday, March 6th. They issued a “buy” rating and a $8.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.79.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates its resorts under eight brand names. As of October 16, 2020, it owned a portfolio of 21 resorts comprising 8,172 rooms located in Mexico, Jamaica, and the Dominican Republic.

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Institutional Ownership by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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