Marlowe Partners LP Has $6.50 Million Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Marlowe Partners LP lessened its holdings in Playa Hotels & Resorts (NASDAQ:PLYAFree Report) by 12.4% during the fourth quarter, Holdings Channel reports. The fund owned 751,743 shares of the company’s stock after selling 105,924 shares during the period. Playa Hotels & Resorts makes up 17.7% of Marlowe Partners LP’s holdings, making the stock its 4th largest holding. Marlowe Partners LP’s holdings in Playa Hotels & Resorts were worth $6,503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HG Vora Capital Management LLC grew its holdings in Playa Hotels & Resorts by 13.6% in the 3rd quarter. HG Vora Capital Management LLC now owns 12,500,000 shares of the company’s stock valued at $90,500,000 after buying an additional 1,500,000 shares in the last quarter. Renaissance Group LLC grew its position in shares of Playa Hotels & Resorts by 7.8% during the 4th quarter. Renaissance Group LLC now owns 348,186 shares of the company’s stock worth $3,012,000 after buying an additional 25,133 shares during the period. BNP Paribas Financial Markets boosted its position in Playa Hotels & Resorts by 11.0% in the fourth quarter. BNP Paribas Financial Markets now owns 1,008,037 shares of the company’s stock worth $8,720,000 after purchasing an additional 99,649 shares during the last quarter. Inceptionr LLC purchased a new position in Playa Hotels & Resorts in the fourth quarter valued at about $93,000. Finally, Qube Research & Technologies Ltd boosted its holdings in Playa Hotels & Resorts by 159.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 393,829 shares of the company’s stock worth $2,851,000 after buying an additional 242,039 shares during the period. 74.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Karl Mr. Peterson sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total value of $47,900.00. Following the sale, the director now directly owns 2,529,033 shares of the company’s stock, valued at $24,228,136.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PLYA has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Playa Hotels & Resorts from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, May 9th.

Read Our Latest Analysis on PLYA

Playa Hotels & Resorts Price Performance

Shares of PLYA traded down $0.05 during trading hours on Friday, reaching $8.52. 376,649 shares of the company’s stock traded hands, compared to its average volume of 651,230. Playa Hotels & Resorts has a 12 month low of $6.88 and a 12 month high of $9.85. The company has a current ratio of 2.26, a quick ratio of 2.16 and a debt-to-equity ratio of 1.81. The stock has a market cap of $1.13 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.67 and a beta of 1.56. The firm’s 50 day simple moving average is $8.94 and its 200-day simple moving average is $8.69.

Playa Hotels & Resorts (NASDAQ:PLYAGet Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The business had revenue of $300.64 million during the quarter, compared to analysts’ expectations of $273.77 million. Playa Hotels & Resorts had a net margin of 6.52% and a return on equity of 12.08%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. Equities analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Playa Hotels & Resorts Company Profile

(Free Report)

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.

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

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