EMC Capital Management Takes Position in Playa Hotels & Resorts (NASDAQ:PLYA)

EMC Capital Management purchased a new stake in Playa Hotels & Resorts (NASDAQ:PLYA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,632 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in Playa Hotels & Resorts by 9.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,421,243 shares of the company’s stock worth $46,894,000 after acquiring an additional 461,888 shares in the last quarter. Renaissance Group LLC boosted its stake 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 last quarter. BNP Paribas Financial Markets grew its stake in shares of 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 valued at $8,720,000 after buying an additional 99,649 shares in the last quarter. Inceptionr LLC bought a new stake in Playa Hotels & Resorts in the fourth quarter valued at approximately $93,000. Finally, Halter Ferguson Financial Inc. bought a new position in Playa Hotels & Resorts in the 4th quarter valued at about $3,285,000. 74.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on PLYA shares. Oppenheimer restated an “outperform” rating and issued a $12.00 target price on shares of Playa Hotels & Resorts in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Playa Hotels & Resorts from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th.

Insider Activity at Playa Hotels & Resorts

In related news, Director Karl Mr. Peterson sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $8.31, for a total transaction of $498,600.00. Following the completion of the transaction, the director now directly owns 2,469,033 shares in the company, valued at approximately $20,517,664.23. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 9.70% of the stock is owned by insiders.

Playa Hotels & Resorts Price Performance

NASDAQ:PLYA traded down $0.51 during trading hours on Friday, hitting $7.77. 1,526,479 shares of the company’s stock traded hands, compared to its average volume of 605,702. The firm has a market cap of $1.03 billion, a P/E ratio of 18.00, a P/E/G ratio of 0.67 and a beta of 1.60. The company has a quick ratio of 2.16, a current ratio of 2.26 and a debt-to-equity ratio of 1.81. Playa Hotels & Resorts has a 52 week low of $6.88 and a 52 week high of $9.85. The business’s fifty day simple moving average is $8.41 and its two-hundred day simple moving average is $8.78.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The firm had revenue of $300.64 million for the quarter, compared to analyst estimates of $273.77 million. Playa Hotels & Resorts had a return on equity of 12.08% and a net margin of 6.52%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. On average, research analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share 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.