Stevens Capital Management LP Cuts Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Stevens Capital Management LP trimmed its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 69.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,696 shares of the company’s stock after selling 59,214 shares during the period. Stevens Capital Management LP’s holdings in Playa Hotels & Resorts were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PLYA. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Playa Hotels & Resorts during the third quarter worth about $76,000. CenterBook Partners LP bought a new position in Playa Hotels & Resorts in the third quarter worth about $98,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Playa Hotels & Resorts by 16.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company’s stock worth $158,000 after buying an additional 2,634 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in Playa Hotels & Resorts by 6.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 23,548 shares of the company’s stock worth $204,000 after buying an additional 1,369 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its stake in Playa Hotels & Resorts by 8.5% in the fourth quarter. Clear Harbor Asset Management LLC now owns 31,900 shares of the company’s stock worth $276,000 after buying an additional 2,500 shares in the last quarter. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CAO Brandon B. Buhler sold 35,915 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total value of $324,671.60. Following the sale, the chief accounting officer now owns 102,598 shares in the company, valued at $927,485.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Brandon B. Buhler sold 35,915 shares of Playa Hotels & Resorts stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total transaction of $324,671.60. Following the transaction, the chief accounting officer now owns 102,598 shares in the company, valued at approximately $927,485.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karl Mr. Peterson sold 20,000 shares of Playa Hotels & Resorts stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $9.22, for a total transaction of $184,400.00. Following the transaction, the director now owns 2,539,033 shares in the company, valued at approximately $23,409,884.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,915 shares of company stock worth $604,222. 7.60% of the stock is owned by insiders.

Playa Hotels & Resorts Stock Down 1.0 %

Shares of NASDAQ PLYA traded down $0.09 on Friday, reaching $9.05. 196,259 shares of the company’s stock traded hands, compared to its average volume of 609,265. Playa Hotels & Resorts has a 12 month low of $6.88 and a 12 month high of $9.84. The business’s 50 day simple moving average is $9.34 and its two-hundred day simple moving average is $8.38. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 6.79 and a beta of 1.53. The company has a quick ratio of 1.91, a current ratio of 2.00 and a debt-to-equity ratio of 1.91.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.04 EPS for the quarter. Playa Hotels & Resorts had a net margin of 5.51% and a return on equity of 10.67%. The firm had revenue of $242.52 million for the quarter, compared to analysts’ expectations of $221.68 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, equities research analysts forecast that Playa Hotels & Resorts will post 0.39 EPS for the current fiscal year.

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.